Dutch Central Bank Sale Announcement Imminent? Message Board

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Politics : Dutch Central Bank Sale Announcement Imminent?

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To: sea_urchin who wrote (18391)	5/25/2003 10:27:58 PM
From: philv	Read Replies (1) of 81967

Searle, don't get me wrong, gold can never back 100% of all money or credit in the system without insane valuation of POG. And gold bullion will never be a store of value for average people, other then perhaps a few gold coins. Gold bullion is for the ultra rich, for banks and national treasuries. As a matter of fact, you probably know that holding gold, even gold coins was made illegal in the USA, to preserve the government reserves. Could this happen again? As to the matter of the US national debt, have a look at this site. publicdebt.treas.gov The debt has not "officially" exceeded the 6.5 trillion debt ceiling, and appears to be standing still for a couple of months, all the while great expenditures had been announced and committed. The debt is hidden elsewhere in creative accounting, inorder to stay within the mandated "limit". I expect this figure to now jump dramatically and do a lot of catch-up. Isn't accounting fun? Great example for business! Lots of comments now in the media re: Iran, and we will have to see where this all leads.

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