I own St. Gaudens coins because I think they're a good investment choice. The coin hustlers are selling these coins as non-confiscatable which is totally unscrupulous as far as I'm concerned. Since when can't the government take whatever they want whenever they want. Give me a break!!!

The EMU has had problems from the get go. I do not think it will ever come together as planned.

Either way, I just want money that is backed 100% with gold so we can reshingle our pyramid. It's cold up here, our wool is tainted.

Clearly, if the reserve, cb's and politicians could not print money at will, we would not be in this mess. Gold is the only real money the world has ever known.

Gold is money, money is gold. A money system backed 100% backed by gold. Any paper notes, 100% backed by gold redeemable at any bank, anywhere in the world.

World money, for the people of the world. The bankers have had their day with finances and in each and every instance - eventual destruction of the paper based on their lies and greed, end result, depression or worse, war based on the empty argument which is placed at a innocent scapegoats feet. Oh, we didn't do it, THEY did.

The reason banks and politicians hate gold has been stated by Greenspan over and over and over again. I am sure each of you has read the quote on the gold-eagle web site. For those of you that have not:

The abandonment of the gold standard made it possible for the welfare statists ( government bureaucrats ) to use the banking system as an unlimited expansion of credit. In the absence of the gold standard, there is no way to protect savings from confiscation through inflation... Deficit spending is simply a scheme for the hidden confiscation of wealth. Gold stands in the way of this insidious process.

���������������������������������������������������� ������������ Alan Greenspan

With the advent of the computer and capacity for digital receipts for gold, we now have something better than the gold standard, far better. Electric gold, no muss, no fuss, instant transfer.

My soapbox is creaking.

Goldman sees dollar/mark at 1.60 by late 1998

NEW YORK, Oct 22 ( Reuters ) - Goldman Sachs & Co chief foreign exchange economist Jim O'Neill forecast a weaker U.S. dollar in 1998, as European central banks will focus on setting the stage for a strong European single currency while Japan will continue to run a large trade surplus.

``The dollar is a sell,'' O'Neill told a Goldman Sachs foreign exchange conference, while predicting that dollar/mark will retreat to 1.67 over the next six months and fall to 1.60 by late 1998, while dollar/yen will consolidate around 115.

``The European central banks have manipulated the dollar value for the past year, in order to ensure export growth,'' O'Neill said, pointing out this was important to help meet the budget requirements under the Maastricht Treaty.

``Now the European central banks have to sell you the idea of the euro,'' he stressed.

O'Neill said that in order to ensure that the euro will be strong when it is officially launched on January 1, 1999, the Bundesbank and other European central banks will tighten their monetary policies.

``The recent Bundesbank tightening was 20 percent for domestic considerations and 80 percent for the euro,'' said O'Neill, who predicted ``the Bundesbank is likely to raise rates by 20 basis points in December and other European central banks will move as well.''

O'Neill expected the real interest rate differentials to be a negative for the dollar because ``Federal Reserve policy is not preemptive, and by the time the Fed starts raising U.S. interest rates, if at all, this will not result in higher real U.S. interest rates because U.S. inflation would have started to creep up.''

Turning to Asian currencies, O'Neill said that Japan is likely to maintain a large trade surplus next year which would continue to weigh on dollar/yen. He sees dollar/yen at 120 in early 1998 and at 115 later in the year.

O'Neill described the Chinese currency as undervalued.

``It is pretty difficult to imagine that China and Hong Kong would keep different currencies. Perhaps the best thing for China is to accelerate the process of having one currency,'' O'Neill said, adding that this would avert a Hong Kong dollar crisis.

O'Neill remained somewhat bullish on the Canadian dollar, ``although not as much as before.''

``The Bank of Canada needs to tighten quicker than ( Fed Chairman Alan ) Greenspan,'' he concluded.

Nick@Aussie: Your Dad's poetry is beautiful-thank you for sharing. Perhaps?- On Friday evening, Noel Tyl told my son-in-law-to-be, who also writes poetry, that he would be interested in seeing it. If I heard correctly, he apparently writes music, amongst other interests, and is always looking for lyrics. Want me to ask him?

Hello, Jin: It must be hard for you at the moment. It's so good that you have found Kitcoites-the warmth and support is almost tangible. GOOD LUCK!!

My point is that In terms of volitility PAASF and SSRIF are at one end of the spectrum. First Silver Reserve and Avino Mines FSR.v and ASGMF would be at the other end.

For further reading check out the Goldbug at gold-eagle. He provides a far better illustration through his understanding of the silver markets then I could hope to present to you here.

I own SSRIF, FSR.v and ASGMF. I own Oroperu which shares a property with PAASF.

Good luck

This came in over the last few days. Can't imagine from whence it came-so will leave it to you, Aurator and the rest of the 'Early Risers' to vet it. You may have already seen it?

http://www.lowrisk.com/crash/87vs97.htm

Interesting conference, which finished yesterday. I'm trying to fix my scanner so that you may have some charts etc. on the 'Universal Gene' theory oif Frederick Crookes.

Have a great day!

Goldfinger - your 10/21/1997 23:11. Thanks for the reply.

I would be interested to find out what books and other material you have read that enlightened you on cycles. I found out about cycles, prophecies ( Biblical, Hopi, Mayan, Aztec ( Eschatology is one of my passions ) ) , and a whole bunch of other items through a book by Moira Timms. Unfortunately, I don't remember the title as I'm no longer in posession of the book. Sigh. Hope to run across it one day.

Hopefully with in the next couple of weeks, I'll try to contact a friend from long ago and get the title and author of a book that my friend lent me several years ago. The book presented a general THEORY ( not fact ) of the operation of the universe that, well, you have to read it to truly understand it. Take for example, the physical structure of the universe. The authors contend that the universe is not spherical or circular shaped, but octagonally shaped ( two four-sided pyramids joined at the bases ) , and went on to explain that the Star of David is the view of the universe from one perspective. Like I said, you have the read the book. Definitely way too deep and wild for the general masses ( maybe even for some at the Kitco crowd, we'll see ) .

One final thought on cycles. I don't know whether to laugh or cry when I hear various analysts, newscasters, and even good friends proclaim that the DOW will never fall or that gold ( and gold shares ) will never rise. Ignorant bunch they are. Obviously they've never read Ecclesiates 3:1-8. I go back and read it whenever I think the rain will never end, or conversely, that the good times will continue forever.

Cherokee - your 10/21/1997 22:10. Sublime, truely sublime.

Hope that cycle doesn't come to pass. But if it does, who knows what weapons the black hole budget military projects here in the U.S. have created to handle such a situation. They are just hoping for the chance to play with their new toys.

To ALL: Philisophical reading for the day. Ecclesiastes 1:9-11.