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

To: Claude Cormier who wrote (62690)	1/15/2001 7:20:20 PM
From: Richard Mazzarella	Read Replies (2) \| Respond to of 116764

Claude, <<Than why central banks still hold gold as a reserve asset.>> Isn't that simply the banks protecting their current assets? If banks said that gold was crap and put their entire holding up for sale, wouldn’t gold be selling at $100/oz, or less? They talk it up in the front office and then move it out the back door as quickly as their inventory/reserve optimization program permits. <<CEF>><<it always sells at a discount>> Isn't that just a case of the trend, discount on decline, premium on an uptrend? Irrespective of all the manipulation talk, I still believe in markets where supply and demand rules, as in any commodity. To consider PMs as anything more than a commodity makes investment decisions issues of faith, not logic. The US tried the gold standard, it failed and it will never return. The only reason I feel "bullish" on gold is as a market contrarian, I currently hate the stuff so much. <VBG>