Dutch Central Bank Sale Announcement Imminent? Message Board

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Politics : Dutch Central Bank Sale Announcement Imminent?

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To: Crimson Ghost who wrote (2666)	12/16/1998 5:36:00 AM
From: sea_urchin	Read Replies (1) of 81092

George : "For all its problems, oil would be a lot lower today if OPEC did not exist. Too bad gold producers cannot get together to restict output." Message 6729770 I heard a rumor somewhere that they are. Meanwhile today, most of the "top" producers have production costs below $250 an oz and can therefore make a good profit at $295. So, why put up the gold price?! The present price seems to suit everybody --- or nearly everybody. (1) The manipulators are happy with it --- or so they appear to be (2) The producers are happy with it (3) The consumers are happy with it (4) And the goldbugs, who have been railing on and on about a gold standard, will have to be happy with it! Because they've got it! Seems to me the ones who are not particularly happy are the speculators --- either because of their dreams of big numbers or because they would have preferred more price volatility.

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