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


To: long-gone who wrote (54977)6/23/2000 10:56:00 AM
From: goldsheet  Read Replies (3) | Respond to of 116753
 
<<This is really pretty stupid on their part, as they are walking with one leg in the past, and one in the present/future, and can't quite bring themselves to sell all of their gold. >>

> This is only your (backward) opinion. The winner of the Nobel Prize in Economics last year does not agree.

If central banks are using their reserves to manipulate the gold markets, then one would would want to take it out of the hands of these evil people and get it distributed into the hands of individual gold investors, who have more respect for gold. If central banks sold all of their gold, it might then have a chance to be properly values in a free (non-manipulated) market.

P.S. Getting a Nobel prize does not prevent one from doing a LTCM, which also messed up the gold markets.