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

To: Jamey who wrote (18417)	5/27/2003 8:57:46 AM
From: sea_urchin	Respond to of 82308

James > sure sign that this is only a launching point for a big rise that could keep the Euro advancing for years to come. There's no doubt that the Euro is very strong and, in fact, could well rise a lot more. What that will do to the European economies is anyone's guess? But it seems to me what's driving the currency moves is that people want to get out of the USD at any price. The American people can't be feeling happy about that. > Doesn't gold always move inversely to the dollar? Not perfectly, but the inverse relationship was definitely there. Last chart on the page goldsheetlinks.com You will also see, in my opinion, that the rise in XAU hasn't kept up with fall in USD. > I always heard that gold moves inversely to the dollar I agree, and that is a very good reason to hold gold at this time. But remember, the inflationary tendency in the US, as result of all the debt/printing, is being offset by deflation in the rest of the world as result of falling exports and production overcapacity. And deflation is very bad for gold as an investment. There is also the problem that the present bull market in gold is not being driven by the purchase of bullion but of gold "instruments" (derivatives). So, mine sales are actually falling with the rise in the gold price.

To: Jamey who wrote (18417)	5/27/2003 9:16:40 AM
From: mcg404	Read Replies (1) \| Respond to of 82308

Santiago: You must understand Searle's response in the context of a non-believer. He fails to recognize Gold as the one true god. Yes, the physical embodiment here on Earth of our creator and master. (How else to explain the other-worldly effect the yellow metal has on mankind?) Of course, the pagans, in their arrogance, attempt to deify themselves and believe they can wield the ultimate power by creating money. Ha! A fantasy for thousands of years. And still a fantasy. For short periods they enjoy the illusion that their god-like actions give them god-like powers. But always, in the end, the one true god of Gold returns to crush their sacrilege. " Doesn't gold always move inversely to the dollar?" No. (But a common misconception in these secular times.) Gold never moves! Gold just is. Gold remains (if you are a true believer) the one true constant in your life. How could Gold move relative to the pathetic fiat imitators? It is only the paper monies that 'move' relative to Gold. Their value fluctuating in accordance with the faith their believers currently place in them. And did not Greenspan's evil henchman Bernanke promise last November to punish those holding (and refusing to borrow and spend more of) their fiat? Look at the paper money in your pocket - each with a depiction of one of their false prophets boldly displayed upon it. What hubris! John ps: I have more to say, MUCH more. But I must currently run to the store as I let my medication run out over the holiday weekend...hmmm, perhaps my trusted wife plots against me...better go check the gun cabinet to make sure the weapons are safe...