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Strategies & Market Trends : Booms, Busts, and Recoveries

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To: Maurice Winn who wrote (56202)11/21/2004 12:40:28 AM
From: TobagoJack  Read Replies (5) of 74559
 
Hello Maurice, The French Central Bank selling their physical is EXCELLENT NEWS!

(a) Central bankers are terrible market timers

(b) They are selling, as all other bankrupting governments have sold or are selling, not because gold will be worth less or worthless, but because they are going bankrupt

As to <<I'm enjoying the pay rate Uncle Al KBE has given me for my US$. Now up from 0.94% to 2%. I can get TWO hamburgers now! >>

... you got your math hat on too tight. I will give you 2.5% for your money and allow you to enjoy the devaluation in happiness.

As to ... <<Digging gold at $250 an ounce and stacking it in an underground vault doesn't seem such a good idea these days>>

... you got your logic scarf around your neck too tight, see here worldmarket.blogspot.com

Chugs, Jay
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