The Gold Anti-Trust Action Committee needs your help

http://www.gata.org/invite.html ^ | 02/08/02 | underdog

[underdog]

Apparently, and I quote...there will be a huge market into the Euro by the Russian maffia. The Euro has larger (banknotes which is way less storage than $100 bills U.S. (vs.Euro 500 note).

Also, the underground economy, which was hanging onto it's "old" currency" made through cash transactions, (that can't be traded in at the bank due to tax reasons, i.e.where did all that money come from?) was traded in for U.S. $ and gold....

But, you can't spend US greenbacks in the Netherlands, hence...the Euro will pick up.

What do you think?

[rohry]

I agree completely. I guess we are hearing the the same rumors. I have an acquaintance who is Belgian/French, who claims the underground economy is huge in Europe. Most of that money has been transformed into dollars in the last few months. By March it will be changed into euros.

Thanks for the original post, by the way. I could have used your support about 8 hours ago on this topic. I guess all the trouble makers are sleeping now. It is really too bad that people on this forum would rather trash alternative opinions and defend their investtment choices than learn about an insidious activity that could take our great country down without a shot being fired.

[Free Vulcan]

Actually you explained it pretty well.

[d4now]

Thus, the supply of gold increases every day, but where O where will all of those gold-sellers find more and more suckers buyers??Actually you might look towards Japan.

And as far as the devaluation of the rand - take a look at DROOY.

[Cuttnhorse]

You are exactly right, and one of the big reasons we're seeing a price increase is the lack of new discoveries. With prices depressed for so long, most mining companies have cut way back on exploration...that is why we are witnessing so many mining company mergers...no one is finding replacement ounces so it's necessary to buy ounces in the form of a competitor's reserves.
Should the price level out between $350 and $400/oz, we'll see exploration pick up again.

[cibco]

"It is really too bad that people on this forum would rather trash alternative opinions and defend their investtment choices than learn about an insidious activity that could take our great country down without a shot being fired."

I believe you have a very good summary there. Keep it up. ;-)

[underdog]

Sorry for not being supportive...I'm hanging on by the threads right now....my view point is SO right now being attacked!

There is no need to worry beyond the normal "worry".

But! We MUST persist! "Blah, blah, blah, next time you need my backup...ring me up in advance...when I'm here...I'll be here!!!!!

[underdog]

Blaaaaaaugh?!

[underdog]

oh...what personal collateral? </sarcasm off>

[underdog]

Thanks for the bump!

[headsonpikes]

Deserves a bump; interesting discussion. ;^)

So, Poohbah, I guess it's no use getting you in on the ground floor of an exciting new gold play on the Vancouver exchange! lol

[Poohbah]

Generally, the only way you make money on a "gold play" is to be the originator, and to put up a nice, flashy webpage that spells out in lip-smacking detail how the economy is going to implode in 37 minutes, 15 seconds.

You then bump it on FR, and the FR doom-and-doomer gold bugs will buy "participations" until you sell off all of your interest at about 100 times what it would be actually worth.

[headsonpikes]

You make it sound so....Enron! lol

There are some truly laughable 'chicken-little' types in the metals market, but there are also more honest miners, geologists, and even capitalist/promoters than one might suspect. ;^)

[Poohbah]

You make it sound so....Enron! lol

Actually, I'm thinking some of the Y2K hucksters that were trying to sell gold coins as part of their "preparedness kits."

If Y2K had been even 1/10th as bad as advertised by Dr. "Scary Gary" North, gold coins would've been dead weight in any survival kit--the space the gold took up would be better served by another box of ammo.