I have had a few confrontations when I lived near a big city, and know full well that reasons for a confrontation can be created at the drop of a hat. Part of the reason that I drive old ( but internally new ) vehicles. And why I do not flaunt what I have. Good approach at work also if you have people that work for you.

I have also learned something else over the years. The real survivalists will be ones that are willing to work with others, not the loaners. It is hard to protect your homestead from 'invaders' if your defense consists of you only. One wagon cannot circle.

And -- government confiscation of weapons is not practical in rural areas. The government types will be occupied in the big cities if we do have civil unrest, and rural areas will be fending for themselves -- mostly.

To be honest, I wish that more on this site would see this point, but it seems to be the nature of many gold bugs to be perpetually bullish. That is hard on the pocketbook. Those gold bugs who fail to accept bear gold markets would probably do better slowly acquiring phsyical gold, and avoiding the rest.

By the way, I agree with you that anonymity of clients -- and for that matter -- fellow kitcoites -- is for the best. Let the indiviual break the code of secrecy if they wish -- not others for them.

I will accept the accolade on behalf of my company, but it was not I who assisted Ole’. I never discuss the particulars or the identity of a crient in public. This even applies to Internet handles. I am trusting in Ole’s post here this evening as to his success at transferring his silver to my firm.

Perhaps some should consider, in this gathering-o-goldbugs, that I deal in the physical metal, not paper. We sell more precious metals to US and Canadian citizens than any other company in the world. We walk it like we talk it:

The Hard stuff

The stuff that shines

The stuff that make a satisfying THUD if a bar slips from your grasp and falls to the floor.

The REAL stuff.

A lot of folks hereabouts have chastised me because of my short term trading approach to these markets, and my willingness to sell gold into the dirt from whence it came if I sense weakness in a rally. I speak of these things because they are more fun. Trading the market can be fun. It will occasionally hand you your head but, for the most part, it is a fun way to spend the day. ( I guess the butler gig would be a bit too sedate ) . I rarely speak of delivery orders. Where is the excitement in some client buying a thousand onuses of gold for delivery? It happens…. Frequently.

I do a tremendous amount of delivery business, which is the only way I recommend to trade gold - other than short. My company is facilitating the very goal most here espouse: Get out the word and get gold in the hands of the people.

Think of this when I get off on some bombastic tear about in-n-out trading. A lot of people prefer the slower road. This is a road I also travel..

OK

By the way, my equity investments in retailing are doing well during this current equities market rally. But, conservative person that I am, most of my liquid assets are in cash. Gold equities are looking better and better to me, but I am waiting for the commodities price index to bottom before making my prior mistake of prematurely calling a gold rally. Could happen within the next 6 months. Probably depends in part on how deflationary the current oil glut gets. And how long the US dollar rally lasts. Depends on Russia, Japan and South America too.

One last qualification for the job:

( I shan't offer any more )

They ARE calling me Limey

Has an English ring to it, yes?

Yes

All: Ravi Sarkar's age old economic cycle --

1 ) Acquisitor phase -- the acquisitor banker types slowly buy/acquire all assets, to the detriment of the ususally passive 'worker' types. The cooked frogs. I think this also includes creeping government, which is incidentally much worse in Germany, France and Japan than it is in the gold ole US of A. I cannot speak for other countries such as Australia, but I do know that Canada is more far along in this process than we are. I think it is Alberta that is a shining light for us all to admire. They last I heard were reversing the process of creeping government.

2 ) Worker phase -- eventually the workers tire of being slowly cooked and take over, either within the system by election, or by violent means. The workers quickly place in charge a 'warrior' type.

3 ) Warrior phase -- the new leaders -- the warriors -- take control and may induce sweeping change. Very good if the choice is good. Eg George Washington was asked if he wished to be king, but he fortunately refused. Others wished to be nearly absolute leaders - Julius Caesar, Napolean, Hitler, Stalin. The next eventual anti-christ type will be an absolute leader -- whether we realise it or not.

4 ) Intellectual ( builder ) phase -- I may have forgotten the precise name of this one. In this phase, under the ( hopefully benevolent ) warrior types, great works may be created, and wealth may be distributed among those who work hard to aquire it -- like the post depression era in the us when the Gini index was at its lowest in the US. But eventually the acquisitor phase creeps in.

5 ) Acquisitor phase ( the longest, I think ) -- and the cycle begins anew.

According to Ravi Sarkar, this general cycle has repeated itself numerous times since man first walked the earth. India has a rich human history, going back thousands of years, like China, and many of these cycles can be identified. As I recall, Ravi Sarkar ( now deceased ) was a remarkably positive individual with qualities very much like those of Mahatma Gandi. His approach was that the only way to break this vicious human cycle was to begin by understanding its existence. The most insidious is the aquisitor phase, as that is what eventually triggers civil unrest and revolution. From a practical standpoint that the Rothschilds must know very well, no civilization can exist for any lenght of time if all of the wealth is concentrated in the hands of one individual.

I am not promoting socialism or government enforcement to prevent the acquisitor phase -- I am promoting what is most accurately described these days in the US as libertarianism -- where government is minimal, just to make sure that the rules of fair play in free markets are maintained, and to take care of civil defense. Big business, big government, big labor -- where a few control the many is what we must avoid. Otherwise the acquisitor phase begins anew.

After the smoke clears, maybe sometime about 2001, and the world has gone through its convulsions, and you are all the better for it by merit of your preparations, and nobody has any $ to buy gold, so I am out of work and desperate and most probably armed……

Perhaps I could offer my services as an English butler

My services shan’t be expensive

And I shan’t drink all your liquor

Think about it

OK?

Nice to see you 'round. Sorry about your friend. I have a friend who took 32 years to get back what the Feds took away. But then, you have to have both patience and resources. Not many with that many resources.

That was 1954.

I'm gonna print and save and cherish your poem for that reason and a host of others. It'll give US something to talk about as we wait for the y2k debacle to cxome to a close and hopefully for a modicum of Freedom to be restored to our formerly great land..

To those who post re: E Gold.

I had a friend- long gone to the Gold Mine In the Sky- who founded a Co. named American Commodity and Barter Association.

It was eventually raided by the irsagents.

Over three millions of member's silver and gold wasconfiscated.

He and his heirs recovered not a cent as nearly as I can recall.

Knowing as I do the irs, I am sure the individual agents in the raid filled their pockets and/or backpacks.

His name was John Grandbouche.

He and three others, of whom I was one, founded the National Tax Strike Association in Denver in 1976.

We all have paid our tuition as participants in the Freedom Fight!.

Dave in Co is aware, but he has been asked not to divulge particulars.

Squirrel: I remember posting a semi T-I-C piece re: MY paranoia. I mentioned the Hong Kong cops ol' b. j. has been authorized to hire.

I also mentioned the fact of the Long Beach Port being open to the red chinese commies.

I put two and two ( 2&2 ) together. I'd prefer to be wrong in my surmises.

The reason I have brought it up was the Poo-pooing you gave it!

I've been lurking the past week or so and I note several seemingly serious posts along the same lines.

No t-i--c or poo-pooing.

¿ Porque?

Nick -

Count the stars above and never number

Your blessings freely gifted to us all

From when first your voice appeared

( In the wee hours of the morn on my side of the ball )

You shared yourself, your family, and your heritage

And by doing so, made them all proud

I will very much miss your contributions, Mate

But your road is true and your vision clear

You know how to reach me

So please do from time to time

There are still stormy sea stories I yearn to hear

From you

RJ

Wherever that may be, whether in the hills or in the towns and cities. The true message, IMHO, is that we all have a cyber presence and being, and I view this as analogous to the Ham radio or other comm's that have cycled through the years, as technological aids to our needs and desires to communicate with fellows of like mind.

But caution that there is still a real world out there, and we must live out our lives in that world. Cyberspace is a brief escape or recreation from that world, not a substitute. It is not get a life so much as it is live a life. If that means removing the detractions and abstractions, then so be it. It used to be that man was searching in the art and abstraction world a brief respite from the toil and drudgery of everyday life. Now we may be inverted, where we have to seek reality away from the abstraction of the unreal.

We still will wind up in the ashes of history, and our bodies committed to the earth from whence we came. If this cyber world feels immortal, it is only an illusion. Words can be immortal, but only if they are greater than we.

Kitco offers us the reality of gold and its everlasting permanence, but within the smooth and painless world of the web.

But at least there is the anchor to our thoughts to the cold hard reality of the metals. Every chip that processes our whims also contains gold. Billions of chips sounds like lots of gold to me.

Real is better until we become wisps as is this medium.

You forgot my contribution to the Wilmington thingie:

Republic Bank bought Wilmington. It is as simple as that. It happens all the time; one company buys another and consolidations occur. This is the case with Wilmington. I had no idea they were playing such hardball with their clients. I remember when they first got into leverage accounts. I spoke with the Vice President at a mining conference in San Francisco a couple years ago and I asked him why they wanted the headache of leverage accounts. He seemed to think it was a stretch for them and wondered aloud about the wisdom of getting into the leverage business. Seems that time told.

There are no games going on with COMEX inventories - other than the fact they have been dwindling for two years now. December 31, 1996 COMEX stocks did not include Wilmington stocks. On Jan 1 1997 over 45 million ounces were added to COMEX numbers as Wilmington became part of reportable inventory. Absent Wilmington silver, COMEX stocks would now be only about 40 million ounces.

This is no shell game. Republic took over, that’s all. We had dozens of people convert their accounts to my company with just a FAX and zero client cost. Apparently Ole’ found the transfer easy and without cost.

Regarding confiscation:

I think it is a red herring. If it come down to armed seizure, nobody is safe - not even the well armed. The big boys got more guns bubba, and they would purely like to blast anybody that says no.

This e-gold thingie sounds like a wonderful sales pitch, but unless the gold is in your hands it is not yours. I am surprised that some of those who stand astride the pulpit to declare paper evil and then open a e-gold account and think they are even marginally more secure.

Here the KEY:

If you own gold, don’t tell anybody about it. If you do, when they come to take it, your neighbor will gladly tell the soldiers how much gold you are hiding - because he had not the foresight to hide any of his own and he hates you because of your gold. That whole avarice envy keep up with the Jones’s trap; and now he has the goods on you and he will twist the knife up between the ribs before finding the vital soft tissue underneath and driving the blade home.

Seizure is a non issue. If they know you have it and they want it, they will take it.

The only way I can envision this happening is in a total breakdown of US society. Don’t bring up the Roosevelt seizure to combat my point because we are a harder and vastly more cynical lot than we were in those, our Nation’s greener days. An order from the Sovereign State to surrender gold would be met with one gigantic guffaw emanating from the collected souls that make up our families and neighbors. From our cold, dead fingers would be the cry and shout and all who breathe free air will stand beside us and join in that cry.

We are Sovereign Souls are we!

And you shan’t take our gold!

OK, OK…….

That whole shan’t thing at the end sounded kinda’ weak, yes? I had a pretty good rant going until I started sounding like an English butler. I can face it…..Shan’t is mamby pamby. I’m out of practice…….

Sigh

I think part of the problem deals with the need to stand back and understand human nature. Most humans are passive beings most of the time, and accept slowly increasing hardships, such as rising taxes, creeping government regulation, creeping bureacracy, despite the fact that most of what government does is non productive.

We are like slow cooked frogs. If you put a frog in hot water he jumps out. But, if you turn up the heat slowly we do not notice, and we are cooked. There the analogy ends, because eventually we ( the people ) have enough, and rise up against our leaders, demanding change. It takes alot for this to happen. Look at Russia -- it is amazing what the average Russian is putting up with now.

So -- it is no surprise that our long awaited gold rally is so slow in coming. It is becuase of the folly of human nature to endure so much punishment before finally hopping out of the fire. If we better understood human nature we would be much better investors.

Looking at Russia again, and using Ravi Sarkar's analogies, the 'workers' ( us ) will eventually rise up and place new leaders at the helm -- either by election or by force. This period is often very brief. If the new leaders ( 'warriors' ) are well chosen, things will go well. If not -- the possibilities can very very bad indeed.

The age old human cycle begins anew, with the acquisitor 'banker' types being overthrown by the workers, and the warriors are placed in charge. We need only look to Indonesia and Russia to see examples ( with minor twists of this analogy ) . Indonesia does not yet have the warrior type in charge, but still has a leftover from the old regime at the helm. The workers may yet speak again.

Ice and snow Inhabitants Enter at own risk

http://www.canoe.ca/TopStories/jul8_orderofcanada.html

http://www.canoe.ca/TopStories/jul8_cnn.html

My question is is why Canyon does't go after the Seven Up Pete deposit, 10 million tons at 0.06 opt.. The grade is better, its not next to a river, could be permitted far more easily and the construction and development costs should be an order of magnitude less. Once in production in the area it would be eaiser to permit the larger lower grade McDonald deposit.

As for the reason for the high approval ratings, see above. When this economy turns, and it will, ( And NO, I do NOT wish for a downturn. ) Watch how quickly those approval ratings will fall when the beer and lottery tickets don't come so easy...

NJ wrote: Bloomberg report says any sale of remaining gold holdings by member CBs can only be with the prior approval by ECB.

This is true, beginning Jan 1, 1999.

This would seem to put the pressure on to sell by year end

If sales there are to be, yes?

Yes

Yes. JD's got a way of seeing through the fog.

site ever come to fruition, then, there need to be

some sort of universal survival strategy developed

and put in place now. One idea might be as follows:

A gold/silver bullion trade or barter exchange in

every state, with, the eventual goal of

regionalized trade centers in each state.

These trade centers could begin as web pages on

the net. The web page could consist of a listing

of items up for barter or trade. Listed categories

could include food, other grocery items, clothing,

hardware, tools, machinery, equipment, housing,

transportation, realty, etc., etc., etc.

All items listed could be traded or bartered for

an equal value of gold or silver bullion at

prevailing spot prices. Essentially, a commodity

of one value being exchanged or traded for

another commodity of equal value.

This post is a simplistic overview to say the

least. Is a system of this type even feasible?

Workable? Are there legal entanglements? Is this

one of those been there, done that, doesn't

work ideas. Or, is there potential for a system

such as this one?

This post is not meant to be revolutionary in

anyway. It is simply a proposed means for us

goldbugs to have a network in place should a

severe financial debacle occur. Contingency

planning for the worst case scenario you might

say. A means of mutual survival not profit

making. Thank you for your time and feedback.

I have a crient who will be spending 4 months in SA in the not too distant future. Could you e-mail me so we could discuss this off-line? I told him you da man down there…..

rjd@pacbell.net

Thanky

Indeedy

Congress demands that the IMF opens up its books.

The global financial markets were born in the 70s with the explosion of debt and since then , new financial ,and always more exotic , products were invented and traded leading to a globalization of the local or regional financial markets inherited from the pre70s financial world order.

True , MR ROTSCHILD had observers warning him in advance of the outcome of WATERLOO to speculate on GILTS. And true as well , WWI and the 1929 crash had worldwide financial repercussions . However , never in history was the entire world leveraged to the hilt as it is now.The 1987 crash gave us a hint, but with hindsight it was a mere blip on the screen. With the fiat currency system and the interconnection of banks : a sure recipe for disaster is brewing.

Buying GOLD or farmland in proportion to one's wealth is not speculation.

It is a way of life/thinking and almost a contrarian philosophical statement.

Still , most of us don't have their wealth 100% in real assets. Who knows ? By some miracle , the powers that be might pull it off. So , a little bit of stocks or bonds and cash add up to expose most of us to a financial meltdown. That is often what keeps me from sleeping well.

However , even if stocks can go down 30 % in one day , total failure of the system won't happen overnight. Everything always takes more time than one might think.The CBs , governments ... will try to do whatever is necessary by first resorting to conventional crisis management techniques. This will give us ( the prepared minds as L. PASTEUR would put it ) sufficient time to bail out even at a loss. Even if GOLD is at 1000$ , we only will be averaging.Massive Bank failures will not occur before a few months. We will have to recognize the big one for what it is.No G7 or IMF trick will prevent the natural outcome. Then , only the ones with courage will cut their losses at market and switch 100% into the real thing.

......please, tell me, I HAVE to know

Thanks

l_b

despair not! For though dark they stand,

all woods there be must end at last,

and see the open sun go past:

the setting sun, the rising sun,

the day's end, or the day begun,

For east or west all woods must fail

He also said at a news conference that he wanted to bring under ECB control the foreign reserve asset operations -- including gold -- of Europe's national central banks.

Dealers said the market seemed to be confused about the degree of control the ECB would then have over the national central banks' gold reserves.

``We are totally confused. It is clear to us that ECB is going to take control of the ( national central banks' ) gold reserves which means there can't be free-for-all gold sales,'' one dealer said.

He said the market seemed to have reacted negatively to the news although there still seemed to be a good chance for the European Central Banks to buy more gold than they sold this year.

http://www.monex.com/prices.html

away.........to scratch my shorts ( double meaning ) ( ? )

Éß

strange days indeed.....most peculiar momma.......... ( JL ) .

Please know that you and your countrymen are in our hearts. We continue to hope that stability, to enable the movement of needed food and supplies, continues in your land.

http://www.infobeat.com/stories/cgi/story.cgi?id=2554971322-438

away...Éß

Fog off the West Coast Off England,

France.... clear and sunny,

Germany....cloudy..with sunny periods,

Italy........sunny with cloudy periods,

Russia......light drizzle,

Gold needs an enima.

Silver needs a reason.

The DOW needs a correction.

EB--I know not the direction-only the possibilites,RJ's position aside,which I respect.We may have some questions answered sooner than later.The numbers need clarification,to quantify without qualifying may be premature.To qualify without quantification would appear premature.The numbers are cannot be quaranteed. Indeed Ideedy.

they look pretty good here.............if you like narrow bands...................

http://www.digisys.net/futures/chart/ts_cha40.gif

away.........to buy more silver..............eh Papago?

Éß

away......for some zzzzzzzzzzzzzzzzzzzzzzzzzzz's

ÉßdreamingofSUGARplumsdancingSOON

'member last years Oct. Plat?

INDEEDY.................... ( ! )

away....to sit back and REAP ( . )

Éß

away......to write about the *First Annual Official Unofficial Kitco North American Phoenix Golf Open*

Éß

kuston........thanks dude. Had a GREAT time!

go oj......down down down.................... http://www.digisys.net/futures/chart/ts_cha34.gif

can you say ¿canadiandollarandcoffee? buysome ( . )

http://www.digisys.net/futures/chart/ts_cha02.gif

http://www.digisys.net/futures/chart/ts_cha05.gif ( soon )

gotta love a good bollinger band................ ( uh huh ) .

A show on the Outdoor Channel is running a show on the mysterious islands of NZ.

Now, they are speaking of Fjordland Penguins.

I must learn of these Towakay or Elves of the Forrest

Yes

Sure looks like the weather pattern that hit SEAsia and South America is now hitting parts of the US. Could similar economic events follow? Perhaps. The weather was connected to the Great Depression in some complex manner, and to other prior economic events. The connection between the weather and economic events needs to be more thouroughly understood.

10% means gold falls trough the floor.

15% means gold falls through the floor at a somewhat slower pace.

PS

Not the $280 floor

That one is made of solid wood and sturdy.

It should hold

If not for all time, than for most times.

OK

Just to dispel the notion that a crystal ball whispered to me where the bottom in platinum was, I will admit to the following:

I bought at $390

I also bought at $380, $370, $360, and $350.

I can’t pick a bottom

Nobody I have ever know can….

Buy I do know when the fundamentals speak in a loud and clear tongue.

I listen, indeedy I do.

I said do

Not DOH!

OK

Platinum has roused itself in its mighty roar and has set upon unsuspecting short traders with a venal vengeance. Drooling with avarice and the potentiality of quick and vicious profits, the Far East responded to the CPM report today of increased platinum usage in ALL areas excepting jewelry ( which decreased demand - to be found almost entirely in Japan, which has been offset by INCREASED jewelry demand from China. ) has once again turned trading eyes towards platinum.

The most encouraging thing about this latest move is that it has managed its gains without a helping hand from palladium. All eyes are on the October contract now, and a hundred dollars between now and then would appear to be a simple replay of last year; hardly a move of great significance or enormous portent; just what platinum does. Average volatility in platinum is about 35% per year. Silver checks in at about 28%, and gold trails the pack with…….. Oh hell…. I don’t have the numbers here at hand, so just believe that it trails the rest because I SAID SO!

To follow up one of my more mistimed calls of the last six months, I am buying all the platinum I can now. Been doing so since $348 and will continue on up to about $400. Fundamentals cannot be ignored, at least not for long and always at the procrastinator’s peril. I like the stuff here.

I’m Buyin’.

Yes

PS

$400 by the end of the week..........

Yes

Indeedy

Some thoughts for you: One of our fellow Kitcoites posted a fairly scientific study relating human activity to sunspot activity, the idea being that humans become less quiescent and more warlike -- at least more demanding of their leaders. Increased terrorism and civil unrest seems to correlate with increased sunspot activity. Unfortunately I misplaced the post url. What is important is that this study corroborates what I have maintained about the effect of sunspots on the markets.

I repeat to all that the markets will be at greater risk for a downturn in about six months, just based on solar activity. The risk for a downturn seems to increase as sunspot activity peaks and subsides.

Just in about the right time for y2k. I shudder to think if a US recession, sunspot peaking/decline, y2k, Clinton impeachment proceedings, and a Russian Revolution all coalesce. The trick is to decipher as many natural cycles as possible, and invest accordingly. Seems like tiptoeing through the minefields to me.

I have done well in Retail mutual funds recently, and my gold equities are stirring ( on a full moon no less! ) Probably partially due to the recent strength of the Japanese markets. My quess is the US markets will stay up for some time -- at least till the fall. Maybe well into 1999.

Hope you are avoiding the mines, too.

I'm sure that the European bankers know full well what will happen if the US maintains a very tight money supply, and too strong a US dollar. They risk imploding Japan with the dollar/yen carry among other things, and a subsequent general world deflationary collapse.

So they must run a very narrow course: Maintain open trade with the US and the rest of the world, keep the dollar relatively strong but not too strong, and keep Russia from collapsing. A tall order.

My guess is that they will or already have petitioned the US FED to hold interest rates steady, or to lower them. Probably very much like what happened in 1925 when the Europeans petitioned for expansion of the US money supply. The Europeans are not yet in a depression, but they are running scared.

Just like the US FED. Sure is hard to tell just how much our dose of inflation and deflation will be, and when. Probably long term deflation with a short term inflationary period if the US dollar gets in trouble and the foreign investors sell. But -- they won't until something bad happens in relation to the US, or the financial state of the rest of the world stabilizes.

In the best of all possible worlds, the US dollar price of gold will rise -- slowly, IMHO.