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

To: siempre who wrote (21066)	6/1/2004 7:22:08 PM
From: sea_urchin	Respond to of 80976

siempre > holding gold & swiss francs against a devaluing dollar is good enough for me at present I can't and won't argue with that. In fact, what you have done seems to be a very sensible thing to do, especially at the moment. What my gripe is about is not with buying gold, silver or currencies as a hedge against inflation, a devaluing USD or even just as a "safe haven", but, because some people manipulate the prices, that's a reason to buy these things. I simply cannot understand why, because something is the target of nefarious activities, then that's a reason to own it? Sure, the price may, theoretically, be less that it might otherwise have been, but the CBs and bullion banks are here to stay. They don't become honest just because someone cries "wolf". And if all the little players think that by each one buying a few coins and this and that they can put a squeeze on the banks, well, that's just pure wishful thinking. It can take years before anything comes of the investigations and court-cases performed by GATA and whoever else, if it ever does and, in the meanwhile, the CBs and bullion banks will do what they have always done -- manipulate the prices, create debt, print money and rob the public. That's what the game is all about. Did you really believe that the system plays "open cards" -- or ever will? And do you seriously believe that, if the Fed or one of the big banks is caught short without the necessary bullion to back its sales, the US government will not make it illegal for people to own gold, as in the 1930s? I'm no Jonah, but they have done it before and they will do it again if it suits them. May I also say that if you are able to "second guess" Rothschild then you are brilliant and I take my hat off to you because I certainly can't. And I doubt whether many others can.