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Strategies & Market Trends : Booms, Busts, and Recoveries -- Ignore unavailable to you. Want to Upgrade?

To: Maurice Winn who wrote (21820)	7/29/2002 12:53:18 AM
From: Snowshoe	Read Replies (2) \| Respond to of 74559

I've been hearing about the bullion bank derivatives scenario for weeks. The hard-core gold buffs complain there is a conspiracy to hold down the price of gold, and that the derivative issuers will get into a really bad jam if the POG gets up to $350 or so. Maybe I'm a simpleton, but to me this problem sounds like it can be solved by Uncle Al or somebody hopping into a forklift and moving a couple of pallets of gold bricks from one vault to another. And if that is all it takes, the price of gold WILL be held down. What am I missing here?