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Pastimes : The Naked Truth - Big Kahuna a Myth
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To: Bill F. who wrote (41151)5/14/1999 9:31:00 PM
From: Lizzie Tudor  Read Replies (1) of 86076
 
A friend once told me that since the fall of communism the old line countries (russia etc.) have dumped their gold reserves and until those are depleted gold will not rally. His feeling is that gold is not really a precious metal in the manner that platinum is. Countries needed gold when the gold standard existed so whats the point of having it now? Do you think there is any truth to that, I don't have any opinion one way or the other. I don;t know LT btw he is only well known around Dell for being a bear.
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