Dutch Central Bank Sale Announcement Imminent? Message Board

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Politics : Dutch Central Bank Sale Announcement Imminent?

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To: Enigma who wrote (6433)	6/15/1999 6:23:00 PM
From: Hawkmoon	Read Replies (1) of 81972

What is irrefutable is gold's importance as a reserve asset No... what is irrefutable is gold's FORMER importance as a reserve asset. However, the sanctity of gold was violated when it was confiscated and made a felony to hold. Under such a state, it is not the storehouse of value you suspect since the gov't can dictate what they are willing to pay you for that gold. You would have thought the world was about to end when that occurred in 1933. People's sovereign right to hold their wealth in a precious metal was grossly violated by it being proclaimed a "strategic metal" and taken from the control of the individual. But my goodness... look what transpired afterward. Economic growth was spurred, people were forced to risk their capital in ventures that would be more profitable that the zero return they were receiving holding gold. My goodness... we're so much worse off economically since gold was confiscated than we were before. I mean.. most people are living close to the poverty level you'd think. Btw, is gold a component of the CRB?? Hmm... I believe so along with silver, platinum, and copper. In fact, these metals make up 23.53% of the CRB. mrci.com Apparently THEY think gold is a commodity... Sigh... who should I believe, you or the people who make a market in the metal?? Regards, Ron

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