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Politics : Dutch Central Bank Sale Announcement Imminent? -- Ignore unavailable to you. Want to Upgrade?

To: mcg404 who wrote (18034)	4/17/2003 6:48:58 PM
From: sea_urchin	Respond to of 81101

John > My only comment is I wonder if they focus too much on gold as gold and not enough on gold as a surrogate for stuff (hard assets vs financial assets). In terms of that argument, it seems that property is the only "hard asset" that can't have its value simply manipulated. Or can it? (Maybe works of art, but I don't have any knowledge about that field). In fact, if we take my argument to its logical conclusion, what has actually happened is that "they" have closed all the bolt-holes that people who are trying to run away from the USD might have used. In this way there's actually no alternative to fiat money, however one looks at it, because even the value of property is dependent on the manipulation of the interest rate. To make matters worse, the value of the stock market is also based on fiction because historic values of PEs etc no longer apply. (That was last year when the S&P500 was valued on PE 28) In fact, it's no longer possible to find out what the earnings are! See if you can find them. www2.standardandpoors.com Clearly, from a financial, if not from a social and even a political, point of view we are like sheep being corralled and manipulated just like those being sent to the slaughtering pens. In fact, we are trapped but are deluded that we are free. The alleged freedoms and rights we have, like the value of our money and our stocks, are purely fictional. Those rights we do have can be taken away at someone's whim, and there's nothing we can do about it. The law is simply a device for lawyers to make money. It is certainly not there to protect Joe Soap or his few assets. If anything, it's there to protect those who are robbing and looting Joe. All this may sound very cynical and it probably is. > Maybe we simply have different time frames in mind. I'm looking over the next few years because that's the kind-of time frame "built into" my model. >No one can argue with the value of having exited gold shares before this last correction. That was luck, I can assure you. >We will call it a correction until it breaks its trend line, right?) In fact, POG has broken its down resistance from $380 and might be headed up again. It will indeed be interesting to see how far up it does go. quotes.ino.com > it seems to have some significance for the future of the USD. Or do you think not? I see what you mean but then you are implying that the Euro doesn't have the "strength" to act on its own as a reserve currency and has to have the gold as backing, like in the old days when it was so for both the USD and Sterling. If it is true, however, that the Euro requires gold in one way or another then be sure the US will smash the gold price completely, have no doubts about that.