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Gold/Mining/Energy : Gold Price Monitor

GDXJ 144.29

-0.5%

Jan 26 4:00 PM EST

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To: Zardoz who wrote (57310)	8/14/2000 3:01:36 PM
From: Enigma	Read Replies (2) of 116922

Yes but it's an important distinction. Also to say that gold is subsidised because the CBs don't step up and sell all their gold - or more of it - ignores the fact that the situation hasn't changed essentially for decades. In the early 80s when gold soared the CBs owned it and have owned it before and ever since. If the CBs were, in theory, able to sell all their gold, and it has to be theoretical because it isn't practical they would lose control of an alternative to paper currency - also gold has been a currency of last resort - used for loans between countries.

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