SI
SI
discoversearch

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 : Dutch Central Bank Sale Announcement Imminent?
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: Mark Bartlett who wrote (5887)5/7/1999 9:57:00 PM
From: Hawkmoon  Read Replies (1) of 80861
 
Don't think so ..... doubt we will see that much more selling.

Mark,

Then if I were you and so confident of your analysis, I would buy gold.

Glad I'm not you.... <VBG> (nothing personal).

I see lower gold prices.

And when the POG ultimately bottoms or CBs can't justify selling more gold because a flight to the quality of the US dollar has run its course, I want to be there.

My main theory is that the CBs are afraid of gold being considered a safe haven over cash as we approached Y2K. Thus they are willing to sell gold into that fear in order to supply physical supply liquidity to the gold market.

If the millenium date change proves to be a low level disruption (at least in the US), I suspect you will see a massive sell-off of gold as folks revert back to more liquid assets.

I see bonds being the place to be at the moment. Interest rates seem to be abnormally high due to the extreme competition corporate bond offerings are providing to the 30 year bond.

Until an event occurs that casts doubt upon the strength of the US dollar or the underlying economy, AND that event casts even more doubt on other currencies, I don't see the case for gold as very strong.

Just my opinion of course.

Regards,

Ron
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2025 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News