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Politics : Dutch Central Bank Sale Announcement Imminent?
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To: goldsheet who wrote (7647)9/5/1999 7:10:00 AM
From: sea_urchin  Read Replies (3) of 81239
 
Bob : I have also argued that way. That dog eats dog and the smaller or less efficient producers have to be gobbled up, moth-balled or go to the wall.

If is is true, however, then AngloGold has no right to blame BOE for dropping the POG and messing up the economies of some African countries when its own actions are equally to blame.

"Maybe someday there will be 10 firms that control most of the world's gold production and will be able to set prices" Isn't that the case already? Anglogold, Barrick and GoldFields must surely control 75% of world output. A cartel in all but name?!
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