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

To: The Wharf who wrote (23018)	4/20/2005 5:06:53 PM
From: sea_urchin	Read Replies (1) \| Respond to of 81055

Darleen > We have that problem too we can't reduce wages or we will not be able to pay debt. Wages are being reduced all the time, but not to reduce debt -- to increase the salaries and bonuses of CEOs and other executives. In fact, I'm amazed that you still believe anyone in the US is interested in paying debt, especially the government. > US has curbed product inflation by use of Asia in many areas. AG cannot raise rates to control this as if he does he harms the US growth ability. I like the way you call it growth. Consumption would be more to the point. The only "product" that is growing is paper money. > Maybe gold still has a value Actually, it's doing quite well. As result of renewed dollar weakness, it went up in the past few days. > If there is an increase in demand there seems to be a very slim possibility it will be met with lower cost gold Demand for gold metal has been pedestrian in the past few years. The rise in the gold price has largely been the result of speculation with derivatives (options and futures). technicalindicators.com >> The open interest fell from a high of 370,000 in November to its low point of 251,000 in February then recovered to 335,000 on March 16 - since then the open interest has been declining as long speculators have been selling, now at just over 278,000. This figure is still relatively high since before the gold began rising about 3 years ago the open interest was closer to 120,000. The demand for physical gold although increased a little in the 2nd and 4th quarters of 2004 although did not show any significant increase in the 3rd quarter, suggesting the demand for physical gold and gold coins has not soared as it did in 1979-1980 period in which the gold reached $850 an ounce, although we may potentially see some improvement in the demand for physical gold as a result of the rise in the oil price which has inflationary implications. A very fundamental issue is whether the gold can continue to rise when supply is up and demand is down and remains at relatively low levels compared to the demand during the 1990's << BTW, here's another American Dream story -- sfgate.com >>Some of his victims were disabled children whose families had hired Tehin to represent them in medical malpractice suits. Others were farmworkers and impoverished tenants who had retained him to settle a case with their landlord over deplorable conditions at their Napa apartment complex, Vintage Ranch. "It was an American success story," the judge said. "Unfortunately, it was an American success story that has gone very wrong."<< Only because he was caught.