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Politics : Dutch Central Bank Sale Announcement Imminent?

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To: philv who wrote (19479)10/31/2003 8:12:13 PM
From: sea_urchin  Read Replies (2) of 81900
 
Phil > I think I will keep my Basket of Unhedged Goldshares for a while longer.

Here's someone who would definitely agree with that sentiment --- Uncle Bill Murphy, founder of this thread, GATA and le Metropole Cafe.

mips1.net

In fact, he's now more optimistic than ever.

>>>For the past couple of years I have mentioned $800 to $1,000 per ounce as a reasonable objective. But now I believe the price will have to go much higher to ration future gold supply. There is going to be a gold rush such as the world has never seen before.

Frank Veneroso is the smartest supply/demand numbers man I have ever known. He felt the fair commodity price of gold in 1997 was $600 an ounce, prior to the Gold Cartel's forcing the gold price down from the $400 area. After all that has transpired these past years, it is easy to envision gold doubling that number.<<<

As for me, I'm a contrarian --- as I was when I bought my gold shares and when I sold them. So, I guess I'll just remain poor.
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