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.

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

To: philv who wrote (6740)	7/6/1999 4:15:00 PM
From: sea_urchin	Read Replies (1) \| Respond to of 81226

philv : True, CBs are the biggest gold owners and operators. Therefore they have the most to make should POG go up and also the most to lose when it goes down. That's why I don't go for the conspiracy and manipulation story that they are manipulating the price downwards. If gold was so cheap, as many allege it is, then it would be the biggest bargain in the world and many very rich individuals and corporations would be diving in to buy. Doesn't seem to be happening. Truth is, compared to currencies for example, gold is not particularly cheap. Therefore it's not such a big bargain. One day when the US dollar weakens against something --- anything --- then the currencies will get stronger and POG will probably turn upwards. Until that happens gold remains a lousy investment. If it satisfies you, as it does others, to believe that the price is being manipulated then so be it. But don't forget the object of the exercise is not self-righteousness or moral superiority but to make some money and right now, to make any by buying gold, is not particularly easy. The trend is still downwards --- at least in my eyes.