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Non-Tech : Chase Manhattan (CMB)

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To: Fred Levine who wrote (209)	9/13/2000 9:18:59 PM
From: d:oug	Read Replies (1) of 213

Fred, Maybe you or another on this thread could help with an ongoing debate on another thread that links the price of gold not to a free market of supply & demand, but to manipulation. Seems to be two sides only, one saying the price of gold is low because of low demand, high above ground supply and a trend by Central Banks to regard gold as a poor Store of Value. Bottom line for those who see gold's past history as a backing for a nation's fiat currency is that it never worked and actually prevented growth. For these folks gold is just a commodity with limited uses for jewerly and corrosion concerns for electrical connections, with again a 10 years supply above ground. The other side in this debate is of an Area 51 and USA cover-up slant, as for example they have put out the following information which may or may not be real or valid or true, and even if so, it may means nothing. "... the notional value of the gold derivatives exploded this past year on the books of JP Morgan ($18 to $36.5 billion), Chase Bank ($11 billion to $22 billion)....." thanks doug

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