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Gold/Mining/Energy : Newmont Mining(NEM) & Newmont Gold(NGC)
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To: ahhaha who wrote (331)9/3/1999 1:47:00 AM
From: tshane  Read Replies (1) of 587
 
ahhaha, it appears that major corporations and the U.S. Treasury are flooding the market with debt instruments in order to raise cash in anticipation of the Y2K fear among investors and investors probable tendency to not invest and pull money out of investments as Y2K approaches. I'm assuming they want to raise cash seeing a real shortage within the next few weeks. This in itself would drive interest rates up just in competing for the cash. In addition the government is issuing billions of dollars to cover the expected demand for cash among individuals as 2000 approaches.

If I were the one issuing all of this currency wouldn't it be absolutely essential that I destroy people's desire to go to any alternate medium of exchange. In anticipation of people going to gold wouldn't it behoove me to have spent the last year or two convincing people that gold is nothing more than a worthless commodity? And wouldn't it be important to be prepared to sell as much gold as is necessary to keep people seeing the dollar as the world's only medium of exchange? And unless they (FED et. al.) loose total control (global financial chaos?)gold will not be allowed to go up.

Would appreciate your comments.

RAJ
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