I'm not sure, but I think you are agreeing with my diagnosis, one under god.

If you give me your furniture to store in my warehouse, and I charge you a fee for holding it, then it should be reasonable to assume that you are entitled to your furniture when you want it back.

If my warehouse goes bankrupt, I should absolutely not be entitled to sell off your furniture to pay my debts. And it should be the same with gold bars, I reckon.

However - and you might know more about this than I - were these people warehousing actual gold bars, or were they simply making a deposit that they believed was "backed" by gold?

If the former, then I agree, the physical gold bars that were being stored should be kept separately from other assets - as in my furniture example. However, if they simply had a receipt with a dollar value inscribed upon it, then the gold "backing" is just another asset of the brokerage. And consequently, on bankruptcy, legitimately gets lumped in with all the other liquidated assets.

I did actually point this out earlier:

>>The only answer would be to keep the gold yourself, I guess<<

Or warehouse it in a closed box along with your furniture.

But that is just one of the many insurmountable problems associated with having a personal "gold standard". I notice you didn't offer an opinion on the question of the changing "value" of gold.

>>If I price my product today at one ounce of gold [at $1,590], would you be prepared to pay that when the price of the metal reaches $2,000? As the supplier, how keen would I be to reduce the amount of gold I ask for my product?<<

Gold, per se, is no longer a viable exchange medium.

It is an investment vehicle, sure. But as an investment, exhibits all the characteristics of other minerals.

we arnt talking about your product
but heck lets include that

if you promise your 'product'
can i take you to court to produce the product contracted

seee mate gold futures
or wheat futures are contracts.,.to supply gold/wheat
heck every product can be sold by future promise to deliver

so we have a market for promises
any promise..but onions..[cause the law was specificly reacting at the time to attemopts to buy up[corner]..the onion market

and when them clever brothers tried to corner the silver market
silver didnt get added...and when the bust bubble burst on the web boom that wasnt added...and when the finance bubble/boom busted..nor was finance..when the mining bom bust..when the silver boom busts..when the gold iron ore bubbles burst

people will finally see all they hold is a [promise
if your not holding the real thing
you got nuthing

how did this happen

''"My agency, in promoting the passage of the National Bank Act, was the greatest financial mistake of my life. It has built up a monopoly which affects every interest in the country.

It should be repealed; but before that can be accomplished, the people will be arrayed on one side and the banks on the other, in a contest such as we have never seen before in this country." -- Salmon P. Chase

but heck its not secret
http://whatreallyhappened.com/

its just the way things go
booms busts..bailouts
thieves stealing

mugs savings..paying for it
you ask for source material
i give it to you
it disapears

chalange the posters who's link i put up
or lets just have it out in our own words

pers quote..""were these people warehousing actual gold bars""

yes they were

"",or were they simply making a deposit that they believed was "backed" by gold?""

others bought gold promises off them
that when cashed in was cashed in with OTHERS GOLD
[after they allready on sold their owwn gold..but its not just gold mate]

""I agree, the physical gold bars
that were being stored should be kept separately from other assets""

well,mate they arnt/wernt
and now the lies are catching up
you xcan only 'cash in to gold..if over 250 ounces
must pay abouive market rate and wait two months..for paper work
3 more for the gold

its the same scam as paypal is currently doing
see previous link

""if they simply had a receipt with a dollar value inscribed upon it, then the gold "backing" is just another asset of the brokerage.""

it was for gold
and i do hold my own

""But that is just one of the many insurmountable problems associated with having a personal "gold standard"...I notice you didn't offer an opinion on the question of the changing "value" of gold.""

none needed
the paper undervalues the real thing
speculaters gamble on the paper promise..not the real thing

the paper flood...is a scam
even if you buy shares today
you cant own the physical shares
only a promise for them

[the house of intyernational settlements hold the shares[or rather holds their use..cause their shares are mortgauged...to other banks who hold actually them..[and vote using them]

day trading is gambling
just keep doubling up...and used to be..you cant loose
[a rising tide..raises all boats]but[wait for the sunami]

mate..by trading in promises..
everyday...3 times MORE..than all the gold ever found can be traded

but in the end it only worked in paper
less value than the theory

you ask for proof
then disect...that it was based on..a strict time period
but never reacted to the accountants hiding value..[loosing 47 times more than they 'create']

if you hold a promise
you hold nuthin

That makes it even more puzzling, one under god.

>>pers quote..""were these people warehousing actual gold bars"" yes they were<<

If so, why on earth did they entrust their gold bars to a broker? Why did they not simply walk them down to Storage King? As I said before, Storage King would not be allowed to sell the contents of their lockers if they hit financial troubles.

So why, do you think, brokers are allowed to do just that?

I suspect - and you might be able to correct me by linking to some factual material on the subject - that the depositors were simply issued with a receipt that indicated the notional value of their deposit. Therefore, the gold in the broker's vault - while real - was simply another asset that backed the promise to repay. Hence, they were perfectly entitled to sell it in order to meet - albeit only partially - their commitments to depositors.

The reason that I am fairly confident that my version is accurate, is that I don't see people walking into the broker's office with a gold bar under their arm, saying "please look after this for me".

By the way, you still haven't offered an opinion on the question of the changing "value" of gold. It has nothing to do with paper "undervaluing" the real thing. I am simply pointing out some issues with the concept of using gold - or any other metal for that matter - as the basis for a currency.

Let us imagine that you go into Harvey Norman, and ask the price of a Samsung 51" Full High Definition Smart Plasma 3D TV. You are told "for you, my friend, one ounce of gold", whose street price at that time is $1,590.

You go back in a month, when the gold price has reached - say - $2,000 an ounce. You again ask the price, and are told "for you, my friend, one ounce of gold"

Are you getting a better, worse or identical deal?

pericules
lets forget the gold thing
i got the real thing so couldnt care less
about the mugs holding paper

sure you go ahead and store your hoard
in one of them lock up garages...lol

you wouldnt be that dumb
so why even suggest it

never the less some have reciepts..for gold
these reciets sell for the same prices as gold
because they should be deposit slips for real gold

but mate they are just promises
its the old gold scam all over again

money used to be gold/silver
a bank note was a stict promise of gold from the commonwealth bank

this pound not is exchangable
for one pound sterling grade silver

heck a penny is a promise of copper by weight
but origonally pennies we silver[the size of a three pence piece]

but people dont like coin
so much more promises of silver coin
was issued via bank note...and bankers were the first to realise it

so they began a run on the fed reserve[punderwriting]..the common wealth..infact tyook the bank over via doggy deals..stole the gold by cleverly RENTING it/leasing it[the real stuff]..to bankers

who paid dicount rent
in lue of a fixed price..[the pice fixed was 44.4..[or 33.3]
per ounce..[no idea what its rent was]..but the leasies sold the real gold..and its now gone

how about we talk of inbuilt obsolesance..or consumerism
or you explain to me

how do i follow the money
why isnt someone doing that
audit the fed..who has our silver gold copper coin

how about them two bankers..[did they know]...
dying in that light plane 'accident'
just yesterday,..eh?

reminded me of them fly in fly out aid agencies
talked about this moring on the bbc..you know that lot that adminester the 95%..or the aid money...lol..into admin..not actual aid

anyhow its an old topic now percules ol mate
so will let it die...[with a few extra thoughts and i final link]
http://www.newsnetscotland.com/index.php/scottish-opinion/3909-plan-b-how-to-loot-nations-and-their-banks-legally

just in case you will to correct it

anyhow with the euro central bank giving away euro credit/debt
and the us fed giving away credit/debt...im sort of sick of the lot of it

been trying to find a seance..number 6
done by a dd home...finding heaps of other reading[i find far more intresting than trying to expiose materilistic complicity]

im chasing number six..cause its edited out of
http://www.spiritwritings.com/AdareExperiences.pdf

in fact much the proof [actual events
seem censored out of it completly

its basicly a gutted intro now

[the thought occurs wether sherloc holmes
was created to hid this amasing guy from histry..[yet i found his reading..the old fashond way..[came across it in a real book i bought for $1..

heck i got over 30,000 books..and wouldnt
trade any of them for cash nor credit]

anyhow i know your eyes..have glazed over
[and ol mate mine too]..let the fake fiat promise[paper play money]
do what fiat-systems..

and too much promised paper..do
that..in in the end ALLWAYS do..

so back to..the next page
http://www.archive.org/stream/ddhomehislifemis00homeiala/ddhomehislifemis00homeiala_djvu.txt

no seance 6
aint there
http://gutenberg.net.au/ebooks03/0301061.txt

nope not there either
[google books..highjacked me onto its page..to end my search]

anyhow im over wbankers..[not you
you have a mind]..but mate how do i find number six..to point out what its saying..for that matter what of 1-5..and the rest..sure i read 30 and 40 and 41...but how many more?

anyhow now you know..im nuts
but number 6 tells how spirits..get control over the mindless
as much as the obsexxive[greedy]

using their..vile ways..to lord it..over the ever needy

i know exorsizim...works...
static electicty hurts invader spirits
and maybe the naturally greedy..then..wont get..so insanely greedy

so we should/exersize
all..who get too much power

if they pass..the test
dd homes suggests

but heck
im over trying to explain it
let the dead..tend the dead

the greedy..must support the needy
not just the needy...bailing out the guilty