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To: Zeev Hed who wrote (201813)11/3/2002 10:51:59 AM
From: maceng2  Respond to of 436258
 
Gold is wonderful stuff

gold.org

demand is currently only about 500 tonnes per year though (for industrial applications)



To: Zeev Hed who wrote (201813)11/3/2002 11:09:13 AM
From: Mike M2  Read Replies (1) | Respond to of 436258
 
Zeev, there was an attempt to suppress the price of gold in the 60s see the London Gold Pool the-privateer.com



To: Zeev Hed who wrote (201813)11/3/2002 11:49:27 AM
From: ild  Read Replies (1) | Respond to of 436258
 
Zeev, I like all your reasoning. Glad to see you posting on CFZ. What I like in gold is that there is about $26Bln of new gold produced annually. With many trillions of fiat money sloshing around and with many major countries trying to debase their currencies the gold investment demand may skyrocket. I don't think strong gold becomes a problem for governments until it becomes too strong (well over $400).



To: Zeev Hed who wrote (201813)11/3/2002 1:37:52 PM
From: maceng2  Read Replies (1) | Respond to of 436258
 
CB's are going to flood the market with their hoard of gold (currently standing at a solid 29,000 tonnes)

Divided amongst the worlds population (taken as 6 billion) is about 5 grams each. Interesting if the CB's bluff is called and J6P starts buying it up. Whose nerve will go first?

I think gold goes above $320 per oz first.