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

To: russet who wrote (7587)	9/2/1999 7:20:00 AM
From: Enigma	Respond to of 81231

russett - I'm not sure that the CB statistics over the last 10 years support your contention. The leasing however has made supply available - but this could also be creating some sort of trap too.

To: russet who wrote (7587)	9/2/1999 2:01:00 PM
From: sea_urchin	Read Replies (1) \| Respond to of 81231

Hi Russett: I'm here all the time. Re "What do you think the central banks will do? The ones I am familiar with (Canadian, Australian, English, Swiss and perhaps others), have been accepting things other than gold and in effect have been selling their gold causing the current glut of gold in the market, and depressing the POG." in your article, is my position. In fact, according to the argument, the same gold is sold TWICE. (1) When the miner or speculator borrows it from the bank and sells it on the market (2) when the CB sells it, much later, to the miner/speculator. Apropos the glut of gold caused by CB sales, I refer you to this graph by Bob Johnson: goldsheet.simplenet.com Clearly CB sales account for the smallest real contribution to market supply being a small fraction of of either mining or scrap. However, CB sales account, far and away, for the greatest amount of talk on the gold forums. This could be because the CBs are always the focus of the conspiracy boys and not the miners and "scrap metal" merchants.