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To: Ron Struthers who wrote (36813)7/7/1999 9:04:00 PM
From: d:oug   of 100840
 
Ron Struthers, if I remember correctly you put out this newsletter that
you wish people to subscribe to. If so, rather than a spam'ing to a
couple metals threads, how about giving your view of GATA.

thanks
doug

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To: teevee who wrote (36785)7/7/1999 9:08:00 PM
From: Hawkmoon   of 100840
 
teevee,

Don't let Doug A.K. get you down (doubt he could anyway...:0)

You're quite right that there have been a number of commodities that were more valuable then gold and silver throughout history.

We have only to look back at the time of Marco Polo and Columbus where a spices and silk were so prized that they were considered far more valuable, per equivalent weight, than gold.

And spice was far more useful as well. It helped to preserve meat and cover up the wretched taste of onsetting spoilage.

Hmmm... a merchant's choice. A ship hold full of spice and silk, or a cargo of gold?? Seems that the proper cost-benefit analysis was performed since I don't recall reading of too much gold being imported from China and the rest of Asia.

Regards,

Ron

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To: banco$ who wrote (36780)7/7/1999 9:17:00 PM
From: d:oug   of 100840
 
banco$, <<satellites reencounter other half of the meteor storm>>

From what I heard, this <<capacity to disable>> satellites may become
insignificant compared to the after effects.

Currently, as we all know, all space junk is tracked so that active stuff
up there can avoid hitting them. But like a snow ball rolling down a
snowly hill, anything hit up there at the right angle and energy might
not fly outwards or fall to earth, but end up in an orbit, like the shots
from a shotgun, going towards more stuff up there, and if hits more, then
get more ... and more ... until the amount and placement of junk becomes
to dense for tracking and avoiding.

doug

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To: Hawkmoon who wrote (36820)7/7/1999 9:28:00 PM
From: d:oug   of 100840
 
Ron, my opinion of you has now realized my worst fears, that you do indeed
understand what you hold as knowledge. Your like that Samson of past,
the hair on his head, the stronger he gets. The more hit-Ron posts,
the stronger you get. Rather than back away or fall down you hold your
ground and stand up straigher, on purpose so that you attacker can see
you better and try again.

<<Don't let Doug A.K. get you down (doubt he could anyway...:0)>>

I tried to knock you down, but failed.

<<spice was far more useful as well. It helped to preserve meat and
cover up the wretched taste of onsetting spoilage.>>

... and thus the French invented their great sauces, for that purpose

doug

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To: teevee who wrote (36785)7/7/1999 10:33:00 PM
From: mick   of 100840
 
Aluminium More Expensive ???

That is true. Of course at that time, the metal was so rare and expensive to produce, its scarcity made it valuable. Once the electrolitic method of producing aluminum was discovered and aluminum was found to be one of the most abundant elements, its price dropped like a stone. Clearly, aluminum couldn't be used for monetary storage.

The point that gold may no longer play a valued role in monetary trade could be true. Since most countries no longer back there currency with gold, its really whatever you believe a currency is worth(i.e. the northern Peso).

Since gold is no longer a standard, I propose we make diamonds as the new unit for currency. De Beers has been successful in convincing many a person to trade in 3 months salary for a small piece of glass like rock. Might make Winspear move faster.

The problem with the short sellers is that they don't seem to think they should play the game. If they win great. If they lose, the governments can bail them out. When he game is fixed, it hardly makes it fair. If LTCM was allowed to flounder like it should have, then there would have been a flight to gold. If the BOE hadn't made there announcement, the fundamentals of gold (more buyers then sellers) would have forced the shorts to cover there position quickly. Shorting has its place in the world (do you really think Amazon.com is worth more than Texaco and Bid.com should trade over $ 10 ?), but unfair interference hurts us all in the long run (remember when Japan's bubble burst ?).

Cheers

Cheers

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To: mick who wrote (36823)7/7/1999 10:38:00 PM
From: Zardoz   of 100840
 
Since gold is no longer a standard, I propose we make diamonds as the new unit for currency. De Beers has been successful in convincing many a person to trade in 3 months salary for a small piece of glass like rock.

That would make Russia the most valuable country in the world, and South Africa a close second?

Hutch

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To: Zardoz who wrote (36824)7/7/1999 11:05:00 PM
From: Probart   of 100840
 
I could live with that! Someone else has to always clean up the mess.
Arms team goes to Baghdad soon to shut down UN lab

By Evelyn Leopold

UNITED NATIONS, July 7 (Reuters) - A team of disarmament experts from South Africa, Russia, China and Germany goes to Baghdad next week to shut down a controversial U.N. laboratory in the Iraqi capital, a U.N. spokesman said on Wednesday.

The scientists, accompanied by diplomats and other officials, leave for Bahrain on Thursday and then go to the Jordanian capital of Amman over the weekend for the trip to Baghdad, spokesman Manoel de Almeida e Silva said.

Samples of chemical materials in the laboratory, which Iraq says are dangerous, were left behind by the U.N. Special Commission (UNSCOM) when it left Baghdad in mid-December and had expected to return in a matter of weeks.

But Iraq will not let UNSCOM scientists or their associates from a Swiss government laboratory, who helped set up the operation, back into the country and U.N. Secretary-General Kofi Annan's office agreed to these demands.

Instead the United Nations, at the suggestion of Russia, asked the Hague-based U.N. Organisation for the Prohibition of Chemical Weapons (OPCW) to recruit the scientists.

Almeida e Silva named the chemical experts as Dirk van Niekerk of South Africa, a chemical production technologist and the team leader; Li Hua, a Chinese analytical chemist; Sergei Orlov, a Russian analytical chemist; and Wolfgang Beyer, a microbiologist at Hohenheim University in Stuttgart, Germany.

Accompanying the experts is Miroslav Miklasz, a medical doctor from Poland; Jaakko Ylitalo of Finland, the former administrator for UNSCOM in Baghdad who is now in Bahrain; and Prakash Shah, Annan's special representative in Iraq.

Once they arrive in Baghdad diplomats from Russia, France and China, all sympathetic to Iraq, are expected to join the group for the trip to laboratory.

UNSCOM, in charge of ridding Iraq of weapons of mass destruction, has denied that the chemical and biological testing samples were dangerous but asked Annan's office in late May to make arrangements for their removal before potential power failures in the summer.

The commission has told the Security Council that the laboratory contained tiny quantities of chemical agents used to calibrate equipment, which it said ''do not represent a threat, even in case of an accident,'' as well as some 2.2 pounds (1 kg) of mustard gas recovered from Iraqi shells.

Iraq and Russia have also alleged that UNSCOM stored explosives in the country, which the commission has denied.

UNSCOM evacuated its staff on the eve of the mid-December U.S.-British air strikes and has not been allowed back into Iraq since then.

13:17 07-07-99

Copyright 1999 Reuters Limited. All rights reserved. Republication or redistribution of Reuters content, including by framing or similar means, is expressly prohibited without the prior written consent of Reuters. Reuters shall not be liable for any errors or delays in the content, or for any actions taken in reliance thereon. All active hyperlinks have been inserted by AOL.

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To: Alex who wrote (36801)7/7/1999 11:08:00 PM
From: Bill Murphy   of 100840
 
Alex,

The IMF gold sale has little chance of getting thru Congress now.

Bill

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To: ForYourEyesOnly who wrote (36815)7/7/1999 11:10:00 PM
From: Bill Murphy   of 100840
 
THC,

Gold is getting all this attention because it is gradually dawning on people that something is very wrong here.

Bill

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To: Alan Whirlwind who wrote (36818)7/7/1999 11:13:00 PM
From: Bill Murphy   of 100840
 
Alan,

The turnaround for the gold market and the silver boom is not that far off now. We are gaining MO here and the Manipulation game will soon be found out by the public at large and the bullion dealers will be forced to run for the hills.

Bill

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