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

To: Secret_Agent_Man who wrote (84198)	4/5/2002 12:16:42 AM
From: Bill Jackson	Read Replies (1) \| Respond to of 117066

Crusader, Hmm, with 20 years supply in storage it seems to me that the Central banks have acted with restraint. Gold has been offed as a bulwark against inflation and it is no longer a currency backing. So the CBs have been selling it to get the US$ as fast as they can. You want thr price to rise? tell the worlds gold makers to shut down for 5 years. That will drag that gold from the vaults. The trouble it they would start to act like arabs with their golden gold and hold it off the market to increase the price. So the gold miners will not stop. The only solution is wait until it is all sold from the CBs. They the moon Bill