Dutch Central Bank Sale Announcement Imminent? Message Board

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Politics : Dutch Central Bank Sale Announcement Imminent?

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To: Alan Whirlwind who wrote (16682)	12/27/2002 1:21:12 PM
From: sea_urchin	Read Replies (1) of 82032

Al >Gold? Why bother... An article near and dear to Terry's heart. I was especially attracted to these paragraphs: >>>The gold market remains flooded with physical supply now and for the foreseeable future. Miners have been increasing production, national banks and other institutions are selling many tons of gold without sufficient demand. There has been a genuine rush to market. The gold price has not been able to sustain any rally for well over a year - each rally has sellers waiting to meet any rise in the price. How low can the price go? Easily to between $150 and $200, an area where it traded for about 5 years in the 1970's and closer to the real cost of production. It was reported that the average cost of production of an ounce of gold in the year 2001 was about $176, far below its present price.<<< Amazing how wrong apparently intelligent people can be. Or perhaps I should say there are none so blind as those who will not see.

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