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

To: Enigma who wrote (6322)	6/14/1999 7:13:00 AM
From: Hawkmoon	Read Replies (1) \| Respond to of 81904

Hutch the simple reason was probably an obvious one - they bought because they thought it would go up in price. Now wait a cotton-picking moment here.... You told me they were buying gold as a reserve asset. Now your saying they bought it just because it was going up in price. DD, why should an institution that can print its own money backed by the full faith and credit of the US care about playing the gold market?? Maybe because the prevalent belief in the world errantly perceives gold as a viable currency and that as such, it must be controlled until demonetized. Call it manipulation. Call it the inevitable correction from past distortions caused by CB price supports in the gold market. Call it a policy directed from the very bowels of hell itself. But at least call it REALITY. They is nothing legally that prevents the CBs from selling gold, especially if their populations agree to it through the political process. Personally, I feel greater comfort knowing that the oil market is denominated in dollars and I would prefer backing our currency with oil, an economic necessity, than a precious shiny metal that exists in far greater supply than could ever be utilized by industry. Sigh.... Sometimes I get the sense that you and Richard Harmon were twins separated at birth. You both seem to possess a large quantity of the extremely dense material "Harmonium" within your braincases. Regards, Ron