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

To: baystock who wrote (68029)	4/21/2001 12:48:41 AM
From: Square_Dealings	Respond to of 116763

".don't think GS is that dumb. " Then how dumb is it to come out and downgrade gold stocks at 20 year lows when gold loans are starting to default along with power companies? Tell me the value of the real thing isnt going to go up as people call in their certificates to make sure that they in fact have the gold they have loaned huge sums against. Goldman has a long history of screwing people out of their money. Maybe the 32Bln figure is based on higher average sale price over how ever many years they've been at it. Its been a long . Remember at one time the US government essentially gave the green light to short gold to the world. Free money is hard to resist. Goldman is a public company so I will contact them next week to ask if its public information on their balance sheet. Any guesses if they will give it to me? <VBG> Anyway the current Fed has no choice but to flood the market with liquidity in an attempt to plug a fast gushing debt leakage from the overloaded boat. There comes a time to repay all debts. M.