Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Gold/Mining/Energy : Blue Chip Gold Stocks HM, NEM, ASA, ABX, PDG -- Ignore unavailable to you. Want to Upgrade?

To: Wade who wrote (1035)	11/21/2003 8:04:50 AM
From: Andrew	Read Replies (1) \| Respond to of 48092

I think that is a fallacy that gold prices are rising due to dehedgeing. The gold market is huge, I saw the number of ounces dehedged for the past two years. Though a significant number it pales next to the world gold market IMO. Gold is rising for these reasons 1 - faltering USD/US economic policies 2 - the threat of massive inflation looking forward 3 - goepolitical uncertainty I think these statement from Peter Munk may move the gold price today.

To: Wade who wrote (1035)	11/21/2003 8:05:00 AM
From: Wade	Respond to of 48092

They think keep on dumping money on the poor countries can solve the poverty issues. !!!???? Or, this is just an excuse to sell gold???? Wade IMF is urged to sell gold stock to ease African debt November 20, 2003 By Reuters Dakar - African finance experts said the International Monetary Fund (IMF) could take more dramatic measures such as selling some of its gold reserves to ease the debt burden. After a two-day meeting in Senegal, experts from African finance ministries and regional institutions warned that Africa risked failing to meet the millennium development goals because of crushing debt payments. The UN goals set in 2000 aim to reduce global poverty by 2015 by halving the number of people who earn less than a dollar a day and have no access to water. The meeting suggested selling IMF resources to fund further debt reduction. "We estimated, for example, that selling half the IMF's gold reserves would amply finance all the extra reduction necessary for heavily indebted poor countries. "The experts noted with great concern that given current trends, Africa will be the only region in the world where the number of poor people will be higher in 2015 than it was in 1990," the statement said. - Reuters