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Pastimes : Alan Greenspan MUST GO:
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To: long-gone who wrote (185)6/30/2000 10:24:37 PM
From: wdlngduc  Read Replies (1) of 494
 
Wish somebody was tinkering with Gold.

Alan Greenspan is scared to death of gold. Clinton ignores it; Rubin doesn't care either, since he's not at the Treasury any longer, Summers is.

The only players in the gold market are mining companies, who short the board as a hedge, and large Central Banks who have vaults filled with the stuff and who sell leases so they can cover the cost of storage.

Once upon a time, gold meant something, but even inflation threats don't budge the market very much these days. Gold used to be fun. Nobody under the age of twenty-five remembers the days of $800.00 per ounce gold; coupled with doomsayers publishing books warning about the collapse of Western civilization as we knew it! Ah, those were the days!
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