Clown-Free Zone... sorry, no clowns allowed Message Board

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Pastimes : Clown-Free Zone... sorry, no clowns allowed

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To: yard_man who wrote (53640)	1/3/2001 6:43:33 PM
From: pater tenebrarum	of 436258

just being realistic. i do think the world's CBs are bent on selling, they have merely disguised it as 'leasing' (we all, and they, know the metal has no chance of ever coming back into their vaults). i don't see that as a bad thing. whenever gold price manipulation has occurred in the past in an attempt to make paper the more 'valuable' (quotation marks because paper's 'value' is only imagined) asset, the subsequent price explosion once the manipulation effort had run its course was a real whopper. remember, the less gold they actually own, the less influence they will exert over its price. i have recently composed (haven't sent it yet) an e-mail to the BoE, berating them for keeping 300 tons of the useless stuff. of course it was written with a bit of a sarcastic undertone...i'll post it here once i've sent it. the truth is however, that if they had NO gold left, they couldn't threaten the market with sales anymore. i sure wish the miners hadn't let the derivative sharpies lead them to the slaughter of forward selling...now their all (with the notable exceptions we all know) beholden to the banksters till eternity. dug their own grave as it were.

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