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Strategies & Market Trends : Strictly: Drilling II
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To: longdong_63 who wrote (11929)5/8/2002 12:31:37 PM
From: c.hinton  Read Replies (1) of 36161
 
Re IMF intervention: I am no expert,but it seems to me that the best way to ensure that the bullion banks do not fail due to gold derivitives would be to assure them direct access to gold held by central banks at market prices ,when needed.There would be no scramble for gold that would SQUEEZE the market trying to cover.And counter parties would not loose out due to artificially depressed gold prices.What would be evoided is the big SQUEEZE caused by speculators.
Dumping on the market would not be a guarenteed fix in that the gold might be brought up by third parties(you and me)with out the necessary reduction in the POG.
But again,I am no expert.
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