Dutch Central Bank Sale Announcement Imminent? Message Board

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Politics : Dutch Central Bank Sale Announcement Imminent?

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To: d:oug who wrote (8245)	10/20/1999 9:02:00 AM
From: Hawkmoon	Read Replies (1) of 81674

You would make an excellent Speech Writer for Ron Reece. Actually, I was just admiring russet's logic, although I'm not prepared to go so as calling the CBs "parasites".. etc. But russet is quite right. You won't have a "free market" in gold until the CBs sell their hoard. Instead, you will have a commodity that remains heavily subsidized with PUBLIC FUNDS (since our tax dollars are the source of monies for the Fed through transactions in the gov't bond market), all for the love of a precious yellow metal and the political support of gold mining special interest groups. I'm certain that Bill Murphy didn't take into account just how many gold producers, in the course of hedging their production, were exposed to a quick spike in the price of gold. I'm sure the Europeans bankers knew the potential repercussions of a gold spike on their hedge books (as it would be the bankers themselves who probably were involved). Now they have several gold producers by the Gonads, they've weakened the US dollar, strengthened the Euro, AND SHOWN that they still control the gold market. Not a bad day's work for these Euro Bankers. Regards, Ron

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