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To: chic_hearne who wrote (51241)12/26/2000 12:50:01 PM
From: AugustWest  Respond to of 436258
 
Damn, you probably know what corner of the barn I dug the hole too, don't you<G>

but what if speculators start buying up PHYSICAL gold and burying it their back yard,



To: chic_hearne who wrote (51241)12/26/2000 1:04:44 PM
From: pater tenebrarum  Read Replies (3) | Respond to of 436258
 
again, putting a number on it is impossible, as we don't know how the CBs would react. but one thing can be said with certainty, and that is that it shouldn't take much relative to the amount of hot money sloshing around in the system. consider this: a BoE auction of 30 tons takes only $260m. to be soaked up at today's prices. that's f*ck all compared to the DAILY volume of currency trading wich goes into the trillions.


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