Booms, Busts, and Recoveries Message Board

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Strategies & Market Trends : Booms, Busts, and Recoveries

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To: aknahow who wrote (35096)	6/16/2003 11:41:42 PM
From: TobagoJack	Read Replies (1) of 74559

<<The article makes it seem as though all that happened was that the banks are now buying gold back and that not much was sold back, today. But did the bank sell gold to new customers?>> The retail infrastructure of bullion sale at street-level shops and banks will take some time to set up. THe important first step is law that allows such sale/buy-back. Sale was legalized experimentally a few months ago, but without ability to sell-back, savers' interest would be naturally low. Now, with ability to sell back, we just need a bit of officialdom endorsement, bank marketing/promotion, and press publicity to get things rolling. This will happen, because the officialdom wants it to happen. Chugs, Jay

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