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Pastimes : I AM A MINDLESS ZOMBIE

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To: Jon Koplik who wrote (7)8/14/2002 3:07:50 AM
From: EL KABONG!!!   of 258
 
Jon,

how 'bout that huge international conspiracy that is keeping the price of gold low ?

Though I generally don't buy into conspiracy theories, this is one that I do think has some foundation in fact.

The recent price movement in gold is erratic, runs highly contrary to historical performance, and is subject to extremely wide daily swings. Someone is doing something about gold, that's for sure. Who that someone is, we don't know for sure, but when big US players stand to lose billions of dollars on gold that they borrowed from various central banks (under the impression that they could keep the price of gold permanently contained) and those losses threaten to bankrupt the entire global monetary systems, then one can make an educated guess as to who might have an interest in keeping the lid on the price of gold.

Disclosure: I currently own no gold stock, no precious metals, nor do I have any intention of rushing out tomorrow to buy some...

KJC
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