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Politics : Dutch Central Bank Sale Announcement Imminent?
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To: Bill Murphy who wrote (1992)11/3/1998 1:22:00 AM
From: m.philli  Read Replies (1) of 81023
 
Hi Bill, heard anymore on Asian CB buying?
It seems like we're heading towards 3 major trading currencies. The EURO, the DOLLAR for the AMERICAS, and eventually an Asian block currency. It would seem reasonable, for them all to carry approximately the same GOLD RESERVES.
The best way to achieve this equality would be for Europeans to sell some excess, lend out lots and by lowering the price, cause producers to sell forward production, thereby providing Asia cheap access to the GOLD they will require. Once world gold reserves are re-allocated on a more equal basis, the gold price can be either lowered further, or increased at the whim of world CB's .
As you can see, I haven't given up on my Asian buying theory, but for me to post on this site is like a teenager challenging WILLIAM F. BUCKLEY to a debate. Be gentle guys, just wanna play too. mike
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