Silicon Investor (SI) -- The First Internet Community

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.

Gold/Mining/Energy : Gold Price Monitor -- Ignore unavailable to you. Want to Upgrade?

To: Rarebird who wrote (35954)	6/26/1999 10:03:00 PM
From: Hawkmoon	Respond to of 116815

Now isn't THAT an interesting take on gold??? And essentially the logic makes sense, especially in light of the confiscation of gold issue. (a clear sign that govt's are more powerful than gold no matter how much we all believe in our freedoms). There just isn't anywhere to hide that much gold with any relative security if the bankers and politicians get it in their mind to confiscate it. And in theory, the CBs could be setting the stage for public disillusionment of gold to such a degree that the only ones who will be willing to buy it are the CBs in emerging countries. But suffice it to say that the market can see through a hollow threat so there will be some teeth behind the gold selling threat. I'm not a fan of Gary North, but there is an element of logic in his argument that the CBs are just bullying the gold market to prevent its competition against the dollar, and by default, other currencies. But I don't believe the "troops" will be paid in gold (at least here in the US), should the defecation hit the rotary oscillator. Most troops would be happy to have food and the security of knowing that the govt in power wishes to keep them happy. With govt perqs, who needs gold?? They'll just steal that wherever they find it, like the Serbs did in Kosovo. Regards, Ron

To: Rarebird who wrote (35954)	6/27/1999 1:29:00 AM
From: Activatecard	Respond to of 116815

"From now on, the prices of these metals which used to be set by edicts of Britain's Chancellor of the Exchequer or the President of the United States will be set by traders in the pits of the futures markets in Chicago or New York." All that brain power put to work writing such a brilliant gold bashing article only to conclude with golds' salvation. I will be perfectly content when the price of gold is determined by a free market. Y2K may or may not make J6P buy gold. Why buy gold when your waist deep in credit card debt? Most know little and care less about gold other than as jewelry. But maybe, if rich investor types begin to worry about Y2K, and take some of their hefty gains off the table due to a change in perceived risk/reward Y2K problems, add in a few Y2K disaster blockbusters at the theater (how about a re-release of ROLLOVER!!), throw in a decent correction in the DOW as Y2K approaches lowering bullish self- esteem,...etc., then IF the price of gold is determined in the future pits of Chicago and New York, gold will have a rip roaring rally. GATA is the snowball beginning the avalanche. Steve