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Gold/Mining/Energy : Gold Price Monitor
GDXJ 145.00+2.0%Jan 23 4:00 PM EST
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To: Hawkmoon who wrote (57242)8/16/2000 6:41:29 AM
From: long-gone  Read Replies (1) of 116912
 
<<How much of the world's gold supply is held in the vaults of Central Banks and not available in the physical market?

Sounds like a subsidy to me.>>

Only if you are correct when you say gold has no place in any monetary system. If you are wrong & gold is a form of money - be it the last word in currency exchange as contended by Greenspan or simply another of the world's currencies - we can only know this in retrospect. This can only be known as true from the 20-20 vision of history. If you are right & gold has no place, what so ever, in the monetary system of the world then we will only know it after all governments are out of the gold market entirely - no minting, no holdings, no futures trading no further actions in gold by any government of the world.

Only after the last ounce has been sold or returned to the people & the gold market has become fully open in regard to all actions by any government, can we know if the holdings of gold were a "subsidy" or not.

Then if you were wrong, those few which will hold the physical gold will be right & those who mine gold will have the keys to all future money. Those who extracted the sale of US gold reserves will be viewed as guilty of the worst treason in all of history.
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