Dutch Central Bank Sale Announcement Imminent? Message Board

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Politics : Dutch Central Bank Sale Announcement Imminent?

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To: jgibbs who wrote (1364)	10/5/1998 6:33:00 PM
From: Kaena™	Read Replies (1) of 81679

Jgibbs / Bill I posed the question because it seemed the obvious. But I recall that in the 70s, talks of IMF selling gold sent prices up as speculators sensed FEAR in the fiat currency arenas. Seems we have a very similar situation now. Banks on the verge of default, currency debasement, etc. The suggestion that the new "socialist persuasion" German government is considering the prospect of IMF sales, appears worrisome for gold bugs, but offficially Germany along with France and Japan are against IMF sales. In other words, it is not a sure thing but probably something that will be much discussed to test the waters. I think that ultimately, Germany's new government is very bullish for gold as much emphasis will be placed on spending marks for social programs and new jobs for its numerous unemployed. In the mean time, expect a rocky road but no new lows for gold. In fact, I agree with Bill that it is much more likely that we are in the early stages of a great new bull and an excellent time for accumulation of gold & silver stocks on dips. No guts, no glory!

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