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

To: m.philli who wrote (7422)	8/26/1999 12:04:00 PM
From: m.philli	Respond to of 82276

Bob, one other thing I wanted to ask. If the gold industry were willing to sponsor and promote a non-profit storage facility for the gold investing public, would it be legal for it to finance itself by internally matching buy-sell orders on the physical gold deposited. I wonder if the commission charged on the internal sales might support the depository, eliminating the problems of getting physical gold certified and sold. No derivitives, just internal transfer of the physical (in whatever form). To me this would eliminate many problems associated with the little guy buying, holding small gold investments. I am not very knowledgeable, and appreciate any information anyone is willing to contribute.

To: m.philli who wrote (7422)	8/26/1999 12:13:00 PM
From: goldsheet	Read Replies (3) \| Respond to of 82276

I know someone will correct these numbers, but let's say jewelry is 2800 tonnes, investing 140 tonnes, and coins is 70 tonnes. You do a GREAT job convincing folks that investing in gold bullion and coins is a GREAT investment and double both categories to 280 and 140, an overall increase of 210 tonnes. I do a lousy job and can only convince jewelry buyers to buy 10% more rings. necklaces, and trinkets ... BUT .... it increase gold demand by 280 tonnes. Also, I would rather have gold spread out among million of jewelry buyers who don't watch gold prices every day and probably won't sell very often INSTEAD of than thousands of gold investors who will sell it all when it goes up ! P.S. I don't know about physical storage costs, because I would NEVER buy gold bullion without taking delivery. Why exchange paper dollars for a paper receipt, get the real thing.