>>17462 (just something shiny i found on the innerwebs)
Put your reading glasses on. Pic unrelated.
http://www.usagold.com/goldtrail/archives/another1.html
ANOTHER (THOUGHTS!)
Foundational Gold Trail Commentary
The Inside Story on the Gold-for-Oil Deal that could Rock the World's Financial Centers
Oct '97 - Nov '97
Page Two
Dec '97 - Feb '98
Page Three
Mar '98 - Apr '98
Page Four
May '98 - Sep '98
"Think now, if you are a person of "great worth" is it not better to acquire gold over years, at better prices? If you are one of "small worth", can you not follow in the footsteps of giants? I tell you, it is an easy path to follow!" –ANOTHER (THOUGHTS!) 1/10/98
[Follow contemporary writings of "ANOTHER" and "Friend of ANOTHER" at the Gold Trail]
"If ANOTHER's claims are true – that a consortium of oil states has cornered the gold market (and given the impressive circumstantial evidence, this could very well be the case) – these "footsteps of giants" become the most salient and persuasive case for gold ownership I have seen in the past decade, if not the full twenty-eight years I have been in the gold business." – Michael J. Kosares, president of Centennial Precious Metals, Inc.; author of The ABCs of Gold Investing
Foreword
When the once highly secretive London Bullion Market Association (LBMA) – its venerable membership comprising the world's largest gold dealers – published its daily clearing volume for the first time in January 1997, it rocked the tight-knit world of international gold traders and analysts.
According to this first of many subsequent LBMA press releases, thirteen hundred tonnes of gold (representing more than 50% of the world's annual mine production) changed hands daily in this fog-shrouded center of the global gold market. This figure represented over $10 billion per day and $4 trillion per year in bullion banking activity!
The gold market had always stood in austere, quiet contrast to the highly charged, mega-volume world of stocks and bonds. Now this first LBMA report forced analysts, investors, and brokers to reassess their understandings of the gold market. While some revelled in the glow of the large LBMA numbers, others began to raise some very important and rather unsettling questions. First, Why was this much gold on the move? Second, Where was all this gold going? And third, Where was all this gold coming from?
Then, in October of 1997 at the internet's only gold discussion forum of the day (hosted by Kitco), a series of remarkable postings began appearing under the pseudonym "ANOTHER", offering plausible answers to those questions. What followed in a seemingly incongruous stream of thought over many months was, in the fullness of time, seen to blend into a logical whole by many astute readers following the complete text. If you are not similarly moved to at least reassess your own view of the international financial scene after reading what's revealed below, then you are either firmly entrenched in your world view, or you've been numbed by too many hours of Wall Street's cheerleader (CNBC) and too many Friday nights with Louis Ruykeyser.