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

To: Rarebird who wrote (50053)	3/5/2000 10:35:00 PM
From: goldsheet	Read Replies (1) \| Respond to of 116900

> With all these counties dishoarding, doesn't this have very long term bullish implications for the POG? I honestly can't draw a conclusion, it's like taking an ounce from one pocket (public) and putting it in another (private), with the same overall amount in the system. Central banks have historically been most predictable averaging 350mt of "dishoarding" per year without wide swings. The public, however, responds rapidly to price increases and sells. The Asian currency crisis saw recyling go over 1100mt (3x worse than central banks) along with other disinvestment of 270mt. If I had to make a guess: I think if gold gets distributed from central banks to the general public, it is going from strong hands to weak hands. Any significant price rise might be met quickly by selling, so one could also see it as negative for gold.