Dutch Central Bank Sale Announcement Imminent? Message Board

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Politics : Dutch Central Bank Sale Announcement Imminent?

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To: Francis R. Biscan Jr. who wrote (6290)	6/13/1999 4:24:00 PM
From: Hawkmoon	Read Replies (1) of 81102

Francis, How much gold was in the possession of CB's before it climbed is something I have no data on. However, I believe that there was significant buying of gold by CB's in the late '70s and early '80's in order to counteract the prevailing belief that currencies were being under extreme inflation. While there was inflation, much of the weakness came from the extraordinary price hikes from OPEC in basic energy commodities, which sent inflationary waves throughout the world economy. My point in claiming that the POG has been artificially supported is based upon the prevailing belief that the CB's don't desire to see ANY extreme movement in precious metals prices unless it suits them. I simply believe that the CBs have realized their monopoly control over the gold market is now counter-productive and that they have to add liquidity in advance of Y2K fears. Once Y2K is passed, and if there is no major disruptions, then there will likely be massed selling of gold as money is converted into other assets. Regards, Ron

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