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Politics : Dutch Central Bank Sale Announcement Imminent? -- Ignore unavailable to you. Want to Upgrade?

To: Enigma who wrote (6281)	6/13/1999 8:54:00 AM
From: Hawkmoon	Read Replies (1) \| Respond to of 81122

DD, Do they or do they not control 14 years of gold supply?? Does that not equate to monopoly control of a commodity?? There's your evidence. When and at what price they accumulated is irrelevant. All that matters is that they accumulated gold during periods that the market couldn't, or didn't want to, absorb that much supply at those prices. So now they have their emergency reserves laid in for any potential global economic turmoil, which we're currently undergoing. We need to INFLATE the world economy, NOT CONTRACT it. Supply is outpacing demand in emerging nations since most of them are forced into austerity programs to support their currencies, which worsens their recessions. The supply of commodities hasn't changed all that much, but the demand for them has. And you don't spur demand by restricting economic growth to defend a currency of an export based economy. Thus the CB's can no longer afford to support gold vs the US dollar. The US economy is the only piston of the global economic engine still properly functioning. Asia is knocking terribly, and Europe is hearing some pinging. So you guys think the CB's should be supporting the abused and unloved gold market as a priority OVER the global economy?? Let's be real here. Both of us would sacrifice a particular market in a heartbeat were we in Alan Greenspan's place. Regards, Ron