Dutch Central Bank Sale Announcement Imminent? Message Board

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Politics : Dutch Central Bank Sale Announcement Imminent?

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To: philv who wrote (22065)	12/2/2004 1:07:48 PM
From: sea_urchin	Read Replies (1) of 80963

Phil > the POG stands as an easily read report card to the world's fiat money system. I'm not one who subscribes to that view. I'm of the opinion that gold is, certainly at present, functioning only as a hedge to the USD. If it were a reflection of the world's fiat money system I think it's price would be of the order of tens of thousands of dollars an ounce. > The above writer seems to have some credibility and knowledge. Seems like he understand the futures market. > gold is getting its scheduled kick in the ass to knock it down off its "lofty" pedestal. No more, no less, than that the Euro or the Canadian dollar etc. As I mentioned yesterday, if the interest rates rise (bonds fall), then the USD can bounce up and with that gold can fall. So a fall in the gold price is really just a version of the dollar game. > It might have something to do with the soon to expire contract options. Our friend James is the big player there. Maybe it's he who is unwinding some positions? > A low gold price is not unwelcomed by the establishment for a whole lot of reasons That's Bill Murphy's argument which I don't accept or reject. As far as I can see, the "boyz" have far more to think about than the price of gold. > charts certainly do point out the poor investment that gold has been especially in non-US dollars Yes, which is the point I was making above.

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