Ask Michael Burke Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Politics : Ask Michael Burke

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: Broken_Clock who wrote (58643)	5/5/1999 4:46:00 PM
From: Freedom Fighter	Read Replies (1) of 132070

Papaya King, >>The spread between xau and gold has sharply narrowed this past few weeks. Why?<< I really don't know what's going on in the gold market. My general distaste for fiat money, the large and growing U.S. current account deficit, and our enormous debtor position lead me to look at gold as a possible way to make a long term bet against the dollar. But the more I learn about gold the less I trust the market. So even though I am bearish on the dollar long term assuming we stay on our present path, my suspicions about gold prevent me from taking a position in it. It seems to me that there could be an agenda to keep a lid on the price. There are all sorts of stories about large short positions held by dealers and hedge funds etc... The timing of central bank sale announcements and the general effort to demonetize it and divest it all suggest something. The mainstream coverage also does nothing but discredit it as an alternative to paper. I can't see any way to make a bet that I am comfortable with given what appears to be an enormous vested interest in keeping the price down and public interest low. Wayne

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next