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Gold/Mining/Energy : Gold Price Monitor
GDXJ 93.03+3.0%Nov 7 4:00 PM EST

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To: long-gone who wrote (44949)11/12/1999 11:21:00 PM
From: Hawkmoon  Read Replies (4) of 116753
 
Richard,

Actually, it's not the greatest load of BS.

Holders of gold SHOULD have every right to put that gold to work as they see fit. Your belief that gold should just sit in a vault, never drawing interest, never seeing the light of day, is what smells of "Meadow Muffins".

Your problem is that you want the Central Banks to prop up the gold market for you and the other gold bugs. Just make those CB's buy up the gold in order to revert to a anachronistic gold standard, providing a inexhaustible market for gold miners to sell their precious shiny metal.

Funny how the gold miners rely upon the good graces of the buillion bankers to make an orderly market into which they can sell their future production, thus assisting them to finance exploration and exploitation of their gold reserves.

Is that what you really resent, Richard? Is is just too much for you to bear, knowing that miners like Ashanti now are beholding to a bank that deals primarily in Fiat money.

Regards,

Ron
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