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Politics : Welcome to Slider's Dugout -- Ignore unavailable to you. Want to Upgrade?

To: Wade who wrote (130)	6/30/2005 9:03:54 AM
From: seventh_son	Read Replies (1) \| Respond to of 50501

There are a lot of theoretically possible sources of demand for gold that might be ready to move the prices higher: 1) An Asian central bank ready to cash in their paper reserves for something tangible (seems like the Chinese, for example, are facing opposition when they try to buy tangible assets like Unocal so maybe they are forced into gold) 2) Japanese with the media influence to get the herds of Japanese investors sensibly into gold and out of their sea of low-interest-yielding treasuries (anyone notice we're now getting news about world's largest gold bar in Japan, bathtubs made out of solid gold in Japan, etc?) 3) Americans with potential media influence, maybe leverage with the CNBC-type crowd or their bosses, finally ready to cash in on leading a dot-com-like speculative move of the masses into gold? Looks like real estate has just about run its course and what's next? 4) Someone rich with knowledge of explosive US war plans cashing in (anyone read the Jude Wanniski stuff about US preparation to attack Iran?) 5) Someone rich with knowledge of major terrorism plans cashing in (there are a lot of rich Saudis out there, for example) I would say if any of these parties were more than a figment of my imagination, before the foreseen surge of gold demand appeared they would probably put as much cash as they could into options, and maybe buy as much gold stocks as they could also.