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Politics : Dutch Central Bank Sale Announcement Imminent?
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To: d:oug who wrote (6378)6/14/1999 11:49:00 PM
From: Hawkmoon  Read Replies (1) of 81972
 
Those with an investment of money into gold do have an agenda to seek out facts to show that their investment will be rewarded.

Easy how conflict can occure when there is something to loose.

Those who follow my posts know that I don't normally bite unless bitten first. Richard has a long history of attacking the messenger, but for some reason in my own defense I feel compelled to stand up to his rambling and make one final attempt to get him to see reason.

There are risks in any investment. Some go up and some go down. Gold has had bullish periods and bearish periods. But investing against the trend is one's choice and they have no one to blame but themselves for their losses (I can relate to this personlly.. :0).

Those who bought AMZN at its high and held it are no different than those who bought gold or gold stocks back in the '80s thinking a world financial collapse was just around the corner.

The only difference is that AMZN may actually reach a point in its revenue stream and earnings (years from now, of course.. :0) where it can justify its market valuations. Gold never will, unless artifical demand is created by maintaining its perception as a backing for currency or finding an industrial use for in massive quantities.

The gold market was subsidized and distorted by the gold standard. Once the standard was left and a floating exchange rate instituted, it should have been sold off and demonetized.

Unfortunately, that demonetization is now taking place in an economic environment where it is imperative that economic demand is spurred, not contracted in order to prevent a global recession/depression from manifesting itself.

So the CBs are doing what they should have done years ago and buying themselves from breathing space for implementing demand side economic policies to counter the supply-side economics of the '80s.

Regards,

Ron
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