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Politics : Dutch Central Bank Sale Announcement Imminent? -- Ignore unavailable to you. Want to Upgrade?

To: sea_urchin who wrote (11944)	9/3/2001 3:58:22 PM
From: marcos	Read Replies (1) \| Respond to of 82731

Have you guys seen this thread - #reply-16215657 ... lots of articles on USD .... gold is for me an interest and not a religion, so whatever comes to pass is just fine, no point in getting one's knickers in a knot .. but i do see the USD 'world standard' as vulnerable to losing the confidence that put it in the position it 'enjoys' today ... the euro coming in for real, and people all over the world losing on various US-placed assets - starting to look like a trend ... if gold retains any moneyness at all, and i think it probably does and will a hundred years from now, then the value of the greenback expressed in fine ounces can reasonably be expected to fall, and gold 'go up' 'Q. Is Rome really on fire? A. Certain parts are but there is no real evidence of inflation anywhere or dollar depreciation sufficient to cause a financial panic.' True ... not yet ... and really, would it take 'panic'? ' I expect the purchases of jewellery, the main use for gold, to diminish.' Main consumption perhaps is jewelry, but its main use is as money ... the two are combined in places like India ... it would take such a tiny fraction of that flood of fiat moving to metal to make momo ... at some not too distant point the USD/PoG will be ripe for a Soros/sterling type play ... eh? .... just imagine S right now tutoring not-so-Red China in the finer points of F-yer-buddy capitalism -g-