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

To: Enigma who wrote (7661)	9/5/1999 10:49:00 AM
From: Crimson Ghost	Read Replies (2) \| Respond to of 81256

The big argument of the gold bears is that gold no longer has any monetary role to play in the international financial system. So if gold is just another commodity as the bears keep telling us over and over, then what is the problem with cutting production to boost the price? At the very least, a concerted effort by the industry to cut production would force the CBs to reveal their hand. If they become upset, then we know all the talk about gold demonetization was a pack of lies. But if gold indeed now is jsut another commodity to them, then they should have no problem with production cuts. Indeed they should welcome such cuts to the extent it enables them to sell their stash at a higher price.