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

To: d:oug who wrote (83360)	3/17/2002 9:18:35 AM
From: Richnorth	Respond to of 116762

I agree with you! BUT, I suspect the U.S. has secret agreements with China, Japan and Russia to ensure that the price of gold does not rise dramatically or else the US will retaliate with something they will not like. (Notice how the U.S. has been cultivating the friendship of those slitty-eyed folks since the time of Clinton. Remember that Jiang was given a red carpet welcome by Slick?) So, even though China and Japan each has lots of US bonds, they probably have agreed not to dump them in a hurry for cash in order to buy the yellow metal. Of course, those governments will buy gold anyway but not to the extent as to upset things for the U.S. So, if the pog is to move dramatically, lots of private individuals must buy steadily and relatively lots of it. To be sure, this will take some time. So, for the time being, some people at the top still think it is still OK to be up to their dirty tricks. ====================== PS. Somewhat far-fetched, but I heard................. the hi-tech bubble was created to divert investors' attention away from gold; with the bursting of the bubble, many folks were bankrupted. Result: they had not much left with which to buy gold..............and so a low pog was easily maintained.