Dutch Central Bank Sale Announcement Imminent? Message Board

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Politics : Dutch Central Bank Sale Announcement Imminent?

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To: sea_urchin who wrote (3647)	2/22/1999 6:51:00 PM
From: Hawkmoon	Read Replies (2) of 81892

The death sentence --- or worse --- awaits us!! Being executed and in your departure leaving the legacy of having converted all of your assets into gold at $850/ounce back in 1982. <VBG> That was an interesting article though. It would seem that the POG was artificially driven/supported by Central Bank buying during the inflationary '70s and '80s in a bid to control the market. But the greatest threat to the gold market likely comes from technology. I've been seeing the comments about certain gold mining companies lowering their cost of extraction. Thus they are inflating the supply of gold, and thus lowering its value by increasing supply. It will be interesting to see how gold reacts should Y2K not turn out to be TEOTWAWKI. There will be a mass exodus from gold to cash and a likely collapse of the entire gold market. No wonder mining companies continue to sell forward their production. I wouldn't want to take that kind of risk either, preferring to sell know while consumer demand is high based upon Y2K fears, and the ECB refraining from sales of inventory. Regards, Ron

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