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Politics : Dutch Central Bank Sale Announcement Imminent?
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To: IngotWeTrust who wrote (19720)12/2/2003 8:01:34 AM
From: philv  Read Replies (1) of 81256
 
Re: Gold demand

I don't mean to pile on, but my impression also has been that there has existed a very large deficit in gold production, more than made up through C.B. selling which has been the major cause of low price.

Another fact is that gold miners, inorder to survive the last 20 years, have had to high grade their deposits, and in some cases now are left with expensive uneconomical ore. Barrick comes to mind.

Mark my words, as the POG rises, more people will get interested, and begin buying expensive gold chains etc. as gift items and to wear to advertise their success and status in life. It is a curious thing.

But my main reason and interest in gold remains the monetary and fiscal problems world wide. Competitive currency devaluations have been going on for some time now and shows no sign of abating. You have to devalue against something or you haven't achieved anything. I'm hoping that something is Gold.

Rose, hang onto yer physical. It may be worth more than you think.
First: competitive devaluation

Germany and France plead for easing on strong euro
news.telegraph.co.uk
(you don't have to read the article to understand what this is all about}

Value of gold: news.goldseek.com
(keep about 10 ozs., sell the rest. gg)
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