SI
SI
discoversearch

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.
Politics : Dutch Central Bank Sale Announcement Imminent?
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: d:oug who wrote (7461)8/28/1999 11:44:00 AM
From: sea_urchin  Read Replies (1) of 82082
 
Doug : I'm not sure that the governments want gold to disappear. In fact, I don't see how they can. They are too heavily invested in it. Gold is undoubtedly not the prime reserve currency it once was but it still has a real value and is no-one's debt. In my opinion Bob has put his finger on the fundamental problem --- besides the strength of the US dollar, there is just too much mining production weighing on the price.

What is actually required, and this is what Bobby Godsell of Anglogold and the SAf Minister of Finance have been preaching about, is an open or "transparent" market. Or even a "two tier" market where the second tier is for the central banks to deal amongst themselves. While the CBs can sell to the speculators one will always be suspicious of "foul play".
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2026 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News