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

To: ahhaha who wrote (70787)	5/30/2001 2:48:17 PM
From: yard_man	Read Replies (2) \| Respond to of 116790

good post. Can't deny the first paragraph -- exactly what is happening there for most producers. A good "face-value" assessment. >>But they don't need a pile that large to manage their own distrust. << Second paragraph depends on some insight into what CBs are thinking -- that they don't trust other governemnts may be true to some extent -- however, right now I think there is quite a bit of cooperation among the larger CBs -- i.e. one reserve currency. But why should each marginal ounce be priced at the first ounce -- if by this you mean some historical price? But even if you mean the first marginal ounce, so what? That amount of gold won't be sold into the market for the very reason you mentioned -- USD is the best ever safest reserve until it isn't -- when it isn't how much gold is necessary as a reserve?? >>Nations have financial power now that transcends gold. << What does this mean? Are not financial powers utlimately limited by the economic resources and finally, the natural resources available to a country? Financial power can't be more than an extension of fundamental economic power can it? What does that mean?