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

To: long-gone who wrote (94522)	4/11/2003 4:13:00 PM
From: Real Man	Respond to of 116845

Richard Russel, the famous "Dow theory letters" writer, is constantly writing on gold as an investment lately. 321gold.com I guess, some people are waking up? Gold has always been, and will always be manipulated, just like the dollar. However, there is a point when manipulation fails and market forces prevail. I believe, we are rather close to that point. Primarily, gold is insurance against a falling dollar and negative interest rates. I'm quite surprised so few bond holders have realized they are having their a$$es whipped, in a form of depreciating dollar. Also, dollar is the king of fiat currencies, and the biggest reserve currency. Once it falls, gold will rise. Central banks love insurance. If they hate gold, why do they keep it in their vaults?