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Politics : Dutch Central Bank Sale Announcement Imminent?
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To: Bill Murphy who wrote (2002)11/2/1998 6:53:00 PM
From: sea_urchin  Read Replies (1) of 81050
 
Thanks Bill. I don't know if it is an ad or a financial commentary which many institutions do as a service to clients. Germany is a big holder, publically and privately, of gold and, for this reason, it's interesting to read the opinion of a big German bank. I don't think Germans will easily forget the hyperinflation of the 1920s and the political events thereafter. So they know all about paper money!

A big unknown is, of course, the new German socialist government and how it will regard the German gold holdings. Traditionally, socialism means printing --- means inflation and this would mean a weak Dmark. (Bad for POG) But, as Germany is now a principal partner in Euroland, the other partners will not allow that.

So, I wonder how the socialism will work if the socialists can't buy votes by "redistributing" someone else's money?!
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