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

To: goldsheet who wrote (13382)	2/13/2002 1:35:03 PM
From: Alan Whirlwind	Read Replies (1) \| Respond to of 81913

If prices of commodities are manipulated to screw the farmer, that does not come across as right in my opinion. If the farmer himself decides to cut production and take an extra day off a week and prices go up, that doesn't come across to me as unfair because it's his business and he really doesn't know if enough other farmers will do the same to actually affect prices anyway. Markets are always geared to lower prices and increasing consumption. When I left high school, a farmer was said to feed himself and 56 other people. By the end of the 1990's the number was said to be 228. It's probably more by now. If we went back to the per farmer production levels of the 1970's, your pocket book would probably groan everytime you ate a sandwich. Yet despite this, a market occasionally gets out-of-kilter and there is a bull. I suspect this is happening with metals and have bet so. If it doesn't, that's life. BTW, my dad passed away suddenly about a month ago. I'm glad to see you appreciate what you have while you have it. I phoned or visited mine quite often.

To: goldsheet who wrote (13382)	2/13/2002 3:22:22 PM
From: sea_urchin	Respond to of 81913

Bob >Isn't manipulation evil regardless of the intention, up or down ? In my opinion, the attempt to unearth a conspiracy to keep the price of gold down is not a moral crusade but about some other agenda. This piece from Miningweb seems to think it's about publicity-seeking. Anyway, with only 35 people attending a recent meeting in Washington, it doesn't seem too many are taking the conspiracy thing too seriously. But even worse, as the article states, "Washington thrives on perpetuating many frauds and few of the perpetrators will be punished." m1.mny.co.za Apropos a cartel set up to keep the gold price high, that surely is the name of the game with every primary product from oil to diamonds. But, it also has to be clear that the practice of limiting production in order to raise the price is self defeating because, as the price rises, so demand falls, unless it's an essential commodity, which gold is not. I'm sure we'll see, even with POG at +/-$300, that demand has fallen considerably from when the price was $270-280.