Global Platinum & Gold (GPGI) Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Gold/Mining/Energy : Global Platinum & Gold (GPGI)

GPGI 23.57

-2.9%

Jan 30 9:30 AM EST

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: Thor Carlsen who wrote (10861)	7/5/1999 11:05:00 AM
From: SnakeInATuxedo	Read Replies (1) of 14226

Let's look at this through the other end of the telescope for a second. If Britain, Switzerland, the IMF, et all are selling their gold at these fire-sale prices, who's the buyer? Who stands to gain by being able to buy gold at $250 an ounce? Let's find the answer to this, and we'll find the answer to quite a few perplexing questions, methinks. My take: the buyer is the financial organisation now responsible for defending the Euro; what better way to buy cheap reserves to back their paper, make themselves look smart in the process, and end up with the 21st Century "reserve" currency to supplant the dollar. It may be a global economy, folks, but somebody always wants to play *"The Other Golden Rule"** * Whomever has the gold, makes the rules

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next