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


To: sea_urchin who wrote (21065)6/1/2004 5:40:36 PM
From: siempre  Read Replies (1) | Respond to of 80975
 
holding gold & swiss francs against a devaluing dollar
is good enough for me at present....

I just read the signs....
[reminds me of my recent visit with my daughter, who, in an attempt to explain to her husband-soon-to-be why I was calling out things along the road..."oh, my dad just likes to read the signs"....]

indeed I do....& the signs have been telling me that not only are events rapidly deteriorating on the world scene, spinning out of control, but also that economic events are waving a red warning flag both domestically & internationally....

the withdrawal of the Rothschild bank from gold trading was an omen that cannot be seen as anything other than a sign of gold's rise....[my take: they're getting out of the way of the coming derivatives debacle...they see the hand-writing on the wall....they've switched to the buy side of gold]....
now we have the withdrawal of AIG from the silver trade...same take, except on a much smaller scale....speaking of which here is an excerpt from Ted Butler's new piece....

"If silver is manipulated, why would anyone buy it? Can't it stay manipulated forever?" My answer is that the manipulation is a reason to buy silver, regardless of all other considerations. Fortunately, an even better is the silver deficit. The deficit guarantees the manipulation must end, as physical silver cannot be brought to market indefinitely at uneconomic prices. Probably it is the deficit that is responsible for AIG exiting the market. For the silver investor, the manipulation is your best friend. But you must buy silver to take advantage of it."
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