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


To: lorne who wrote (77727)10/1/2001 1:25:43 PM
From: IngotWeTrust  Read Replies (1) | Respond to of 116756
 
I got tickled reading that one, Lorne...Remember the line (at the verrrrrrrrrrrrrrrry bottom of the article, of course) "The Council has drawn up a five-year plan to push up the demand for gold."

OOOOOOOOoookay, so is this a "new idea?"
A "new plan"
A departure from the "previous plan," like say, to discourage gold demand?"
A "longer plan" or a "shorter plan?"
Is this the same ole' plan only in a new wrapper?
What is their "plan metric" for measuring success/responsibility for success or failure?
Has the "5YPlan" even been implemented yet?
Is this the same WGCouncil with the "2000 gold coin plan" that never happened ala Barrick's announcement?
Is this a "new advertising plan" push for more jewelry?
Is this a "buy one- get one FREE" plan?
They've never had a "plan" of any kind before?
Does this "plan" include starting a war to help gold demand?

I mean that one line is SOOOOOOOO pregnant with the unsaid, it's one of the funniest things I've read in a week!

Yeah, you GO, COUNCIL

GOD BLESS AMERICA AND HER ALLIES IN THE WAR WHICH IS NOW IN SITU



To: lorne who wrote (77727)10/1/2001 1:29:26 PM
From: Tommaso  Read Replies (2) | Respond to of 116756
 
I would like to apologize publicly for ever having mentioned that I encountered three or four defensive, nationalistic, francophone jerks during a visit to Quebec City, and nowhere else. Anyone who wishes to is free to come to where I live and meet a few racist rednecks.

Meanwhile, back on the topic of gold, I think that the price is more likely to get a boost from currency depreciation than from war fears. I have said "depreciation" rather than inflation, because every time one says "inflation", it provokes outcries that what we are facing is deflation, not inflation. But however you put it, the United States Dollar money supply, which was already rising almost as fast as at any time since the civil war, has gone up like a rocket since the WTC disaster. Central banks in other countries are afraid to let their interest rates and --in many cases-- money supplies get much out of line with the dollar. Gold may be a store of value against depreciating currencies. But a big wad of a fairly stable paper currency is better for most purposes than a sagging pocket full of gold, if you are a refugee.