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

To: Hawkmoon who wrote (37978)7/29/1999 11:18:00 AM
From: long-gone  Read Replies (2) | Respond to of 116925
 
<<They are trading "paper gold" in a liquid market.>>

Ron,
Yet again I'm shocked you question the truth which comes from the Federal Reserve. Did you not look into the link I sent you some time ago? They say great piles of the stuff move from one holder to another at times while others only move paper beneath the NY Fed.

Makes one wonder how much gold really exists there, and if a part of the US Treasury holdings have been sold - despite indications to the contrary.

btw, would you support a full inventory and audit of US gold assets?



To: Hawkmoon who wrote (37978)7/29/1999 11:21:00 AM
From: Enigma  Respond to of 116925
 
Lessons in logic too - how much did the Dow fall in Oct 1987? 30% or so? How much will it fall next time round? Could be starting today. There is no more liquid market than the NYSE - for stocks certainly - the gold market is extremely liquid. Markets fall because more people want to sell than buy - and bottom out when equilibrium is reached.


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