At a bottom now for gold? Message Board

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Gold/Mining/Energy : At a bottom now for gold?

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To: edde who wrote (620)	7/6/1997 11:44:00 AM
From: Randall E. Brubaker	of 1911

Jack: Here is evidence that at least someone in the East believes in buying gold when the price is low. techstocks.com With regard to a Western conspiracy to keep gold price down, this largely has to do with the need to sustain demand for purchase of US debt. The alleged fear of Western governments, especially US, is that gold might be seen as an alternative to purchase of US t-bills, notes, etc. The US is the largest holder of gold, but the effect of a lower gold price on the US is insignificant compared to how important it is to keep the Japanese and now Chinese as loyal customers for US debt.

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