Dutch Central Bank Sale Announcement Imminent? Message Board

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Politics : Dutch Central Bank Sale Announcement Imminent?

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To: d:oug who wrote (6273)	6/13/1999 8:33:00 AM
From: Hawkmoon	Read Replies (2) of 81137

Doug, No crime has been committed. The CB's bought and hoarded gold and now they are selling it. They bought it in order to bring stability to their currencies after OPEC induced inflationary turmoil. They artificially supported the gold market by removing 14 years worth of supply from the market and now they are returning that supply to the system that profited from their monopolization. The gold market is distorted and needs to go through a corrective phase similiar to what occurred in the oil market. There has been over-production caused by these artificially high prices and the mining companies know it, accounting for selling forward some 10 years worth of supply (if the data is accurate). And don't feel bad Doug... most of the gold-bugs let the reality of their situation go in one ear and out the other, without facing much resistance. Regards, Ron

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