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Gold/Mining/Energy : Gold Price Monitor

GDXJ 109.23

+3.7%

Nov 28 4:00 PM EST

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To: teevee who wrote (35949)	6/26/1999 3:22:00 PM
From: Hawkmoon	Read Replies (1) of 116790

S: maybe the price would go up if gold bugs would increase their resolve and put a greater portion of their net worth into gold....move up to 100% in gold and help create some additional liquidity for the central banks and world bank developers:_))..... Actually, this is one part of their argument that I REALLY don't understand. You'd think the goldbugs would want the Federal Reserve to sell ALL OF THEIR hoarded gold so that the public could hold it instead. If gold has intrinsic value and is the ultimate hedge against irresponsible monetary policy by central banks, then why do I want the CBs to hold huge quantities of gold, effectively controlling the market for it?? Let them sell it all and let those people who choose to believe in it continue to hoard it and pay the costs for doing so. Regards, Ron

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