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


To: Alex who wrote (47422)1/25/2000 12:52:00 AM
From: PaulM  Respond to of 116760
 
Greenspan Puts Gold Conspiracy Rumors To Rest

egroups.com

My take on this is that everything Greenspan's saying is true. It's foreign Central Banks not the U.S., that are holding the price of gold down because it's foreign US debt holders that stand to lose the most in the event of a dollar fall.

The U.S. is sanguine about a dollar fall (always has been). This is why deflation can never happen in teh U.S. Given a choice between sticking it to borrowers (i.e., the average citizen) and lenders (who are often foreign), the Fed will handle any crisis by sticking it to the Lenders. I love this country!!