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


To: philv who wrote (18406)5/25/2003 10:47:40 PM
From: sea_urchin  Respond to of 81961
 
Phil > The debt is hidden elsewhere in creative accounting, inorder to stay within the mandated "limit". I expect this figure to now jump dramatically and do a lot of catch-up. Isn't accounting fun? Great example for business!

Please don't think that I don't see what you do. I do see it but the difference is that you feel that gold is a safe haven and I don't. Believe me, nothing would please me more than if I could believe that it was, but I just can't --- at least, not on a permanent basis. My approach now is that there is a time to invest in gold and a time to be out. Unfortunately, my timing is far from perfect so I don't maximize my returns.

I might also add that I hate being a trader and far prefer riding an investment into perpetuity but I don't believe one can do that these days.

I don't know what's going on with Iran but I don't like what I read. I'm sure, sooner or later, the US will have a go. In fact, the more I think about it, the more I consider the recent terrorist attack in Riyadh was another one of those convenient 9-11-type opportunities which gives the US the licence to make war on whoever.