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

To: sea_urchin who wrote (20685)	4/18/2004 4:08:07 PM
From: philv	Read Replies (1) \| Respond to of 80952

I don't see any improvement in the fundamentals which helped propel gold in the past. In fact, they are getting worse in my opinion. Debt keeps piling up, bubbles continue to inflate, and every nation on earth is hard at work debasing their currency so that they can compete with each other. Mainly they want to export their product to the U.S. who apparently has a super abundance of cash to buy everything ever made. Borrowing money is the best deal in town. Most people don't believe the FED nonsense that there is no inflation. So, they can borrow at unrealistic low interest rates, buy a new un-needed big house and watch their "investment" inflate. Lots of inflation in many other sectors too, and definitely more to come. Meanwhile, China is consuming many billions of investment dollars in new industry. Message 19990482 So what will they do....slow things down (raise interest rates) and risk deflation and bankruptcy, or stubbornly stay the course and let the bubbles and mal-investments continue to grow? And what is going to be the outcome when they just can't deny or spin obvious inflation anymore? What a con game! I am amused at the reverence held for Greenspan by almost everyone. And of course, he plays the part of the all knowing wizened wizard perfectly, exuding confidence while rolling the biggest dice on earth. The above rant may have some relevance to the price of gold, or maybe not, because I have long ago learned not to try to figure out or predict its future value.