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


To: Crimson Ghost who wrote (51837)4/22/2000 2:29:00 PM
From: james flannigan  Read Replies (1) | Respond to of 116972
 
Nesbitt Burns,my broker told me 4 years ago that the forcast for gold was going to be negative over the next 5 years because of the EU central banks selling some gold.After that he said that the price would be well over $500 oz.I said why the hell would the price be over $500 an oz.He said that world economic conditions would warrant the same bankers to have to buy back the gold at much higher prices than what they sold at.That was as i said 4 years ago as strange as it may sound he may prove to be right.