Dutch Central Bank Sale Announcement Imminent? Message Board

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Politics : Dutch Central Bank Sale Announcement Imminent?

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To: Bobby Yellin who wrote (5475)	4/23/1999 1:50:00 PM
From: Hawkmoon	Read Replies (1) of 81092

I don't fault them for selling forward and I don't think that is what hurt the market as much as the time wasn't right for gold and hard assets Morgy, When is the time right for gold and hard assets?? When the world is at war or there is a financial shock throughout the system?? As production costs go down and the CB's wonder what the heck to do with the 14 years worth of production they've accumulated since the hyperinflationary '70's, maybe it would be time to reflect upon just how much the gold sector OWES to the CB's who bought their excess gold production and inflated its value by removing it from general circulation. As for Japan, I don't see any recovery until after Y2K issues are settled in 2000. Japan certainly isn't as prepared as the US. They may be in recession now, but depression may in the cards for them should the worst occur. Either way you shake the chicken, global economic growth is still tenuous and likely to grow more unstable as credit standards tighten in the 2nd half of '99. Regards, Ron

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