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Politics : Dutch Central Bank Sale Announcement Imminent?
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To: Ironyman who wrote (3618)2/21/1999 5:24:00 PM
From: Hawkmoon  Read Replies (1) of 81840
 
Due to the relative rarity of gold and silver, would not any economic growth worldwide place even higher premiums on the relatively limited availability of capital to back them up (Given the understanding that capital would only be available if there were the requisite reserves of gold)??

So wouldn't economic growth basically become dependent on the speed and efficiency with which gold could be mined from the earth in order to meet the demand for capital??
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Eric,

Would you care to comment on the above fundamental issue revolving around the re-establishment of a gold standard??

Btw, oil is far more oversold than gold.... just ask the 14,000 petroleum workers who have been laid off this year. The only problem is that the folks doing the overselling are the producers.

Since gold mining companies seem to be continuing to forward sell their gold production at these prices, might there be a correlation??

Regards,

Ron
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