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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum -- Ignore unavailable to you. Want to Upgrade?

To: elmatador who wrote (1410)	10/22/2005 3:18:48 PM
From: Maurice Winn	Read Replies (1) \| Respond to of 218168

<Gold is held in vaults of Central Banks. If they would sell that gold, people would pay money to the Central Bankers and the government would use that money and it would circulate into the economy.> ElM, that's just paper shuffling and moving the gold from one hole in the ground to another. If central banks want more circulating money, they can simply pixelate another billion and lend it to whoever they like, or buy stuff with it. They don't need to mess around with their stash of gold. Gold just sits there, doing nothing. Some people put great effort into digging it up to get real money from somebody else, so they could go shopping at the supermarket. The people who bought the gold then stuck it in the ground. Many of them being central bankers. Mqurice