SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Gold/Mining/Energy : Gold Price Monitor -- Ignore unavailable to you. Want to Upgrade?

To: Zeev Hed who wrote (63956)2/18/2001 11:09:59 AM
From: Crimson Ghost  Read Replies (2) | Respond to of 116779
 
Zeev:

You say that gold is just another commodity today. But you also argue that the CBs have a responsibility to keep the price within certain limits. This sounds contradictory to my simple mind. If gold is just another commodity why should the CBs care if it sells at $500 or even $1000 an ounce? Could it be because the resultant losses of politically connected gold shorts would threaten the solvency of major financial institutions.



To: Zeev Hed who wrote (63956)2/18/2001 11:48:49 AM
From: Alex  Respond to of 116779
 
But hasn't M3 almost doubled in just seven years (at three times the rate of gold production)? With the CB's, I think that they're trying to show a return on the gold they hold. Unfortunately, they may be losing $5.00 in capital for every $1.00 in interest that they earn through leasing, as they drive the pog down.


HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2025 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News