would suggest that you add some kind of booster.

I have a feeling that kicomm will be the most

popular site in the world by year end.

I can just see it; Tomorrow night my guest will

be Bart Kitner of Kitco fame.

After reading over my last, it occurred to me:

People ranting about 30K gold. Japan will collapse ( with 1 trillion in foreign assets and reserves, and zero external debt ) . YK2 will cause planes to drop from the skies. The collected sages here, who perhaps in another situation are entirely rational, follow blindly a prankster with a hole through his story a mile wide.

I post numbers which prove that gold has been an abysmal store of value and a horrible buy and hold investment. The silence screams. The same automatons blink and blindly spout assurances that do not obey any mathematics on Gods Earth.

Who needs this?

I will be gone for a time, yes?

When discussing the current state between GSC and me, recall that it was the following post, directed at me which began this back and forth. GSC has been spouting off here for 2 years. I'm sorry I don't have the stuff from Feb 97 in which he declares gold will not again fall below $400.

When GSC came back to us in his newest incarnation as the OLDEN GOLDEN GUY, I had zero problem with him. I made not posts at all to this fellow and he posts this:

Date: Fri Apr 03 1998 20:59

OLD GOLD ( Congratulations Bulls! ) ID#238295:

Copyright © 1998 OLD GOLD/Kitco Inc. All rights reserved

Well those loudmouthed shorts I talked about did get a lesson they won't soon forget. And even sooner than I thought. Me -- I made a nice six figure killing this week in the PM funds and the move is just beginning.

RJ: When are we going to hit that $285 target you have been pushing for weeks? Your record is very food, but you got overconfident and arrogant. Likewise for EB and Selby -- our most dedicated and fanatical gold shorts whose hatred of the yellow rivals that of Andy Smith.

But let me congratulate the dedicated bulls on this site who kept the faith during the darkest days of the gold bear when all hope seemed gone and the shorts were taunting us daily with calls for $250 and even $150 ( POORBOYS ) People like Vronsky, Preacher, and Farfel. People like DA. People like Golden Cheesehead. .

Me again:

I don't know why he should pick me to insult. When I point out that his record on these thingies is not without stain, he again calls me to battle. I suggested he let it go. The ball is in his court. I will stand by my words, he however, will fall by his.

When discussing the current state between GSC and me, recall that it was the following post, directed at me which began this back and forth. GSC has been spouting off here for 2 years. I'm sorry I don't have the stuff from Feb 97 in which he declares gold will not again fall below $400.

When GSC came back to us in his newest incarnation as the OLDEN GOLDEN GUY, I had zero problem with him. I made not posts at all to this fellow and he posts this:

Date: Fri Apr 03 1998 20:59

OLD GOLD ( Congratulations Bulls! ) ID#238295:

Copyright © 1998 OLD GOLD/Kitco Inc. All rights reserved

Well those loudmouthed shorts I talked about did get a lesson they won't soon forget. And even sooner than I thought. Me -- I made a nice six figure killing this week in the PM funds and the move is just beginning.

RJ: When are we going to hit that $285 target you have been pushing for weeks? Your record is very food, but you got overconfident and arrogant. Likewise for EB and Selby -- our most dedicated and fanatical gold shorts whose hatred of the yellow rivals that of Andy Smith.

But let me congratulate the dedicated bulls on this site who kept the faith during the darkest days of the gold bear when all hope seemed gone and the shorts were taunting us daily with calls for $250 and even $150 ( POORBOYS ) People like Vronsky, Preacher, and Farfel. People like DA. People like Golden Cheesehead. .

Me again:

I don't know why he should pick me to insult. When I point out that his record on these thingies is not without stain, he again calls me to battle. I suggested he let it go. The ball is in his court. I will stand by my words, he however, will fall by his.

Now, if things got that 'interesting', what would you rather own? Steel, copper, and lead ( I know you can figure that one out ) , or the funny yellow stuff? Then again, if you owned the base metals, perhaps you could keep some of the precious metals too?

Date: Sun Apr 05 1998 15:20

oris ( Fred ) ID#238422:

Is it possible that gold will rise to $30,000/oz in the period of nearest 10 years?

If you say to yourself: Yes, it's possible! then ask yourself a question: But why? But how?.

To All:

This question, is asked much! To this I also add what price is money?

Many look to gold and say, at $30,000, every mine would produce so much that the price will not last, and with cost to produce below $1,000, all persons would mine gold! I say, you look at gold and see only a commodity. As world oil currency, it will not be this way. To offer the question:

Your US$, it does cost only one cent or less to produce. It is also a paper commodity, yes? Does the world go into the paper dollar business because it can be sold for a dollar and produced for one cent? I ask the Mr. Sharfin, who would buy or who could afford this dollar at such a price? Would not every person sell these paper dollars as they are priced so far above production cost? No. And the world, today, does produce these paper pieces as to no end, yet all persons hold dollars for value! Even reserves!

When any commodity becomes money, the free market is not allowed to produce such without laws to govern that production. As any person, worldwide can produce dollars and sell them as a business, it is against the law. In the time to come, it will be this way with gold also.

The true value of gold, as a monetary currency, in today's current US$ values, is over $30,000. If all currencies were destroyed, and gold only was used, this value would be higher. However, currencies will be used in the future, as today, only their value in trade will change. They will no longer be held as reserves, without gold at their side!

The time is not that far away for all to learn this, we watch these changes together, yes?

Thank you

have gone from $1 to $100 and some have yet to show a profit.

Same math but different items. Why is one so easily accepted but

the other ridiculed?

I think we can agree that both XAU and spot move in the same direction, ( albeit not at the same rate ) , either up or down depending on whether we are in a gold bear or gold bull market. I admit I haven't had time to follow all your thinking on this subject. Have you determined that a high XAU/Spot ratio preceeds a gold bear market, and vice versa?

If this is not the case, in a general gold bull market, it seems the ratio would tell you when to shift your assets between physical and stock, but you wouldn't necessarily sell either for cash.

I apologize if I am asking you to repeat things you have already posted.

Great week! All four metals appear to be trending up.

Gold. After a little head fake downward, gold headed north. Clearly indicating the trend is up. The channel I show is not as steep as for the other metals, however, the sope is still about 30%/year and the channel top hits around 340 by year end, and close to 450 by year 2000. Not so bad!

Silver. The channel is still not well defined, but the direction seems clear. This run could take it up to 7.30 or thereabouts. I think we can learn a lot about potential peaks in one metal by watching the others.

Platinum. Missed 400 by 5 bucks on the London close. I really did think it would touch the channel bottom before it reversed, but it seems the gold rally pushed it up. I think we should watch for gold and platinum to peak at the same time, probably along with palladium. If platinum hits the top of its channel, it will peak around 430.

Palladium. Turned back up with platinum, magnifying platinum's move as usual. If platinum hits 430, we could easily see 310 for palladium. The minimum spread to-date is around $120.

Keep in mind all the prices discussed herein relate to the London afternoon fixes. Interday spot and futures usually exceed these numbers, after compensating for any futures bias, such as backwardation.

My best wishes for all Kitco-ites to glow, crow, and prosper in the coming weeks. No matter what your PM poison, a rising tide lifts all boats.

Just thought you might find it interesting, a 1927D Saint in MS60, is worth

over $150000 US.

oh yeah....go gold.

GO PLATINUM~~!! ( $$ ) ! ohmy ( ¿ ) ( ? )

away...to search the archives to *bury* GSC if he wants to play ( he is consistent ( wrong ) , gotta give him that )

Éß

almost forgot....after SNL last night I watched a coin auction. They were selling silver gold, etc. This guy had about seven ( or so ) St. Gaudens between 1903 and 1915 MS62.... He was gonna sell the whole lot in the area of $740 per.......is that a good price or not? I wrote down the #. 800.959.8889 If you like give call....he could only sell one @ 740, I think he still has some. StudioR? LGB? ( where are you dude? ) others Good price? or bad?

If I borrow 30 millon US at current rates, I take this money and buy 30 millon in gold. Gold goes to 30000oz. , the dollar is devalued by a factor of 1000, would I still owe the original 30 millon?

But he changed his handle after an unbroken string of miscalls. I told you that you could not win this, George. Your past haunts you. You also seem to think I will be hurt badly by further price rises in gold. I covered some of my shorts last week and all the rest is against long silver or platinum. Let gold go up, my long whites protect me. Actually a real strong rally in gold would be the best thing for me. I'm rooting for it……. Go Gold……….. That I put in short term sell trades seems to irk you all to hell. Why should it bother you that I put in a few shorts? You should be jumping with glee that I took some losses last week, albeit a very small percentage of the profits in silver and platinum.

I promise 2 posts, but as I will be busy the rest of the day, here are several for the price of two. Took me about 5 minutes to dig these up. All these posts were made when gold was between 338 and 341. I'm saving the really juicy ones for George's inevitable reply. Set the trap, place the bait, and wait…….

Give it up, George……… Let it go………

Date: Thu Jun 05 1997 05:50

George S. Cole ( outlook ) :

Reify: I do suspect that spot gold will break $340 before moving up, but I doubt it will go much below that or stay there very long. As Steve Kaplan has observed huge physical buying comes out of Asia every time the price dips below $340

Date: Thu Jun 05 1997 16:30

George s. Cole ( Big Trader ) :

Note that today's wild upside action occurred right after Big Trader's latest post. Coincidence? I don't think so. Big Trader must be taken seriously.

Date: Fri Jun 13 1997 14:30

George s. Cole ( gold bear ) :

Gold stocks now down modestly after giving up early gains. August gold off 30 cents. This bear is going to end shortly, but may have a few more loud growls left.

Date: Wed Jun 18 1997 11:07

George s. Cole ( stock market ) :

Bullion flat today, but gold stocks continue to drop. Their relentless decline even on days when bullion rallies, probably is signaling a final break in the yellow metal quite shortly. I suspect that when gold does break below $340, the gold stocks will hold up quite well. That will be the time to buy.

Date: Thu Jun 19 1997 10:19

George S. Cole ( gold action ) :

August gold up $1.40 and gold stocks finally staging a decent rally. As Steve Kaplan has pointed out, Asian gold demand soars every time bullion dips below $340; looks like this may be happening again. Real tug of war right now. The bears ae going all out; if they cannot trigger a sharp drop in the next few days, a strong rally above $350 is in the cards. Even if they are successful in driving bullion to $330 or so, this still looks like the final spike down.

Date: Wed Jun 25 1997 07:05

George S. Cole ( gold stocks and gold bullion. ) :

ALL:

August gold up 50 cents this morning as dollar weakens. Gold stocks performed considerably better relative to bullion yesterday -- a positive sign. IF THIS CONTINUES for a few days the stage will be set for a decent rally. With many gold bulls capitulating as evidenced in rising put premiums and mine closures likely to escalate if bullion drops much below $335, a long-term bottom is getting close.

From me:

Seems like you have been humming the same tune for a long time George. Your attacks on me will bring you embarrassment and shame. Give it up George, you can not win. Let it go………………….

OK

If gold goes to $30000 an ounce, I don't think you would have more money, I just think you want have less. If you have gold that is.

As with all things, there are those who think they know much. I value the wisdom of those who have built their lives on hard work, not those who have taken advantage of others. I will be the first to admit that my formal education does not equal some on this forum. Although in real life, I see that many have much to learn. Yes, I listen to learn, others might be well advised to do the same. Does making one seem small, make another great ? Remember, it takes fork-truck drivers as well as astro-physicists, to make this country great. Each, in his own way, has something to contribute, and is just as important because of his unique talent.

I am envious of you sense of humor. Life is short my friend, you seem to have figured this out. That may well be worth more than all the gold in SA.

HeeHeeeeeeeee....

Got MY spoon...........

ANOTHER -

I will miss you for a time, yes?

Date: Sat Apr 04 1998 22:50

Hardguy2 ( @ clone, RE: the direction of the posts ) ID#399119:

My opinion was stated 20:01 today, I think that compliance to this sites rules is in order. the need to shun BOOR'S is necessary and proper. Maybe Bart should privately ( or publicly ) re-state the rules emphatically to those who have de-evolved to adolescent invective and non-productive wasting of band-width, and just block their access after suitable warnings.

&

Date: Sat Apr 04 1998 20:01

Hardguy2 ( @ALL, & BART, RE: BERNATZ, I'm tired of this child, ) ID#399119:

I wish to point out the discussion group guidelines we all must have read and tacitly agreed to, by posting here. Please, All, re-read the THINGS TO AVOID points # 3 & 4, then the final guideline: What to do when somebody breaks the DON’T rules; IGNORE THE REMARKS………..

Is this the same guy who posted this?

Date: Tue Mar 31 1998 01:27

Hardguy2 ( @ RJ, IMHO, Your arrogance is ) ID#399119:

only exceded by the crass smugness you've exibited in your many cheap shot comments that avoid real substance. I care about the human condition, our future, the future of our childrens children. Will they have Liberty? or Corporate Facism disguised as Democracy. Do you care?

Hardguy -

First, you misspelled exceeded, exhibited, children's, and fascism. Smugness does not appear as a conjugation in any dictionary I consulted.

It seems as if another crusader for cleaner laundry is found to have soiled undies.

OK