Bema(Bgo) and Arizona Star Message Board

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Gold/Mining/Energy : Bema(Bgo) and Arizona Star

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To: Jaakko who wrote (8601)	12/1/1997 10:56:00 PM
From: Ken Benes	Read Replies (2) of 10482

Jaakko: A very interesting sequence of articles. I am not prone to accept conspiratorial scenarios, but there are definitely elements of the digest article indicating the price of gold can be controlled by a relatively small amount of people. Recently, I was astounded when the Swiss announced a planned sale of up to 1400 tonnes of gold, which represents 50% of their holdings. I was not taken back by the fact that they were thinking about selling the gold rather the timing of the announcement or that there was an announcement at all. This past year, it has become routine for CB's intending on selling gold to announce the fact, resulting in a drop of the sale price and a reduction in the proceeds of the sale. Obviously, these announcements are designed more for effect than the newsworthness of the event. The next question is why, and these articles tend to offer up a plausable thesis on this matter. On the other hand, maybe the central bankers are students of Clive Johnson. How can I effectively and quickly reduce the value of my holdings. If that is the case, Mr. Johnson has guru status. Ken

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