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Strategies & Market Trends : Booms, Busts, and Recoveries -- Ignore unavailable to you. Want to Upgrade?


To: Hugh A who wrote (37771)9/3/2003 7:46:09 PM
From: TobagoJack  Respond to of 74559
 
Hello Hugh, <<you and the World Bank>> :0)
In my case, I neither know what is going on nor what will happen.

In the World Bank's case, perhaps they heard rumors from their IFC colleagues and their shareholders about the proposal to engage in massive sales of physical gold in their possession to (a) contribute to the global reflation effort, (b) cover deficit shortfalls :0)

At 11.52% physical/paper gold and 3.89% gold mining and 1.18% platinum mining shares, I still am a member of the Aztec tribe. I am only hoping to buy back what I sold, but cheaper, so that I can buy more.

In any case, my selling probably, in some metaphysical way, will cause the gold market to go up a lot. It normally works that way for me :0)

Chugs, Jay



To: Hugh A who wrote (37771)9/3/2003 8:51:52 PM
From: marek_wojna  Respond to of 74559
 
Very scary for the gold owners. They should dump all their gold right now, before it goes down to the ditch and buy the US denominated assets. Reminds me much of all ANALysts in year 2000 predicting POG going below $200 or even as low as $60. So far the archaic relic proved all the sellers from the central banks how much they know about future. World Bank must be dominated by bankers who took the lessons from the Bank of England. G-7 or 8 leaders - what they will do if they have no more gold on hand for sale, and the cheapest mining operation in the world (BGO) still cannot make a profit, but there is of course more gold mined every day than printed paper and this is the reason why people should once and forever forget the gold as an investment, the bankers cannot recycle it and add the weight like adding zero on the paper. Hopefully we'll have nice buying opportunities in the near future.