Replies

What does the US need? Oil and, if you believe recent reports, gold. The Howe/Bolser paper published last week shows a short position of 16,000 tons based on BIS numbers, the majority of which is most likely held by US bullion banks. We all know about the upcoming war in Iraq and those of us who are more skeptical, some would say cynical, can speculate on the real reasons. That covers oil. Now I ask myself, what is the endgame for the gold situation, which has the potential to blow up into a major financial crisis and scandal? We are talking about the financial wellbeing of the big money power center. These guys don't just pack it in and go home. Donning my tinfoil helmet, the first thing that came to mind is South Africa, one of the largest gold producers in the world. I've been keeping my eyes open over the last few months for any signs of creating a rationale for some kind of action. I recognize that this is highly unlikely, but these are desperate times. Today, there was a front page article in the WSJ titled "In South Africa Evidence of Al Queda Links". The article discusses, among other things, how South Africa loses 35 tons of gold a year from its mines due to smuggling and how Al Queda is shifting from cash into gold. I'm not saying this proves anything, BUT if there was some nefarious plan in the works, articles like this are exactly what I would expect as a first step.

We all know about the upcoming war in Iraq and those of us who are more skeptical, some would say cynical, can speculate on the real reasons. That covers oil.

I keep a roll of foil right here on my desk. I was wondering what or maybe who would be next after Iraq. Our economy was driven by consumerism and debt -- now, excessive consumerism and excessive debt-- and next it will be super fuel injected consumism and mind numbing exploding debt. The only way to keep the standard of living increasing to to exploit the world on a much grander scale than we have been.

If the muslim world really wanted to screw up the global financial system, all they would have to do is make it a requirement for every follower to buy 1oz of gold. They wouldn't need any airplanes, suicide bombers, dirty bombs or anything else. It would be game over for JPM and the fiat currency puppet masters on Wall Street and Washington.

Richard W.