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Politics : Welcome to Slider's Dugout
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To: SliderOnTheBlack who wrote (2636)10/8/2006 2:41:18 PM
From: Jamey  Read Replies (1) of 50206
 
" Central Fiat Bankers still have more gold than
anyone else" Slider

That I believe is pure conjecture. I also believe that buying by the general investment community of gold and silver haas not yet started to any large degree. I have a feeling that the second stage of this gold bull is yet to happen. Many things could start it and I do not believe that the central banks that are now manipulating the gold price will have enough gold to sustain their manipulation.

Right now the gold markets are getting special attention because of mid term elections and the neocons are pulling out all of their ious.

I still believe that gold and silver is a place of safety as evidenced by Russian central bank buying and the silver ETF increasing their silver reserves by 150%. It is yet to be seen what happens when the COMEX is unable to deliver and defaults since they are at least 50 million ounces short of making a 150 million ounce delivery. I believe we are on the cusp of seeing the second leg of this bull take off in the near future.

So many geopolitical dangers. Blockade North Korea, bomb Iran, complete failure in Iraq. I still maintain that one should have a sizeable gold holding, especially at these deflated prices.

Santi
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