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

To: Claude Cormier who wrote (62710)	1/16/2001 2:55:59 PM
From: Professor Dotcomm	Read Replies (2) \| Respond to of 116786

Your point, Claude, is entirely valid. Trouble is that in the long term we are all dead. My concerns center mainly with the frivolous way central banks are making money with their otherwise inert gold reserves. These were placed to act as reserves and not as casino chips to play derivatives. At least the BOE is selling at regular auctions rather than playing the derivative game. I still believe the best medium course is to see central bank reserves sold into the market - excepting perhaps the US since its $ is the reserve currency. This would represent short term pain but it would disinfect the market of all these derivative plays.