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

To: carranza2 who wrote (25892)	11/30/2007 3:09:54 PM
From: KyrosL	Read Replies (2) \| Respond to of 217588

Both Russia and China have very large gold reserves in the ground. Also, in both Russia and China most of those reserves are owned by the State. So, why would Russia or China choose to buy gold in the open market to add to their reserves? Wouldn't it be much more efficient and cheaper to just put aside the gold reserves they think they need in the ground and leave them unmined until a time when gold becomes money again -- if ever?

To: carranza2 who wrote (25892)	11/30/2007 7:26:32 PM
From: Maurice Winn	Read Replies (1) \| Respond to of 217588

Thanks for the summary C2. I would be surprised if there isn't some "conspiracy". The Hunt brothers tried it with silver [ooops for them]. Central bankers and gold stockists no doubt love to wheel and deal in $billions of gold, manipulating money, gold and other things as best they can. Gold is subject to inflation and deflation. It zoomed from $35 an ounce to $800 an ounce and back to $270 an ounce and back to $800 an ounce. I still think Uncle Al KBE was excellent. I thought he was a bit late cutting interest rates in Y2K which I assumed was because he wanted to put the bite on Al Gore so Republicans could win. I think I preferred the war on Saddam to the war on CO2 which Gore would have fought. We can't afford the war on CO2, which is like having a war against trees. I like trees [though not breaking my house]. Trees are much nicer than a glaciation. While there's a risk of a financial crunch, I think so many people have bet on it that it probably won't happen. Though the delayed Wile E Coyote graph of FNM and FMC suggests people were not ready. Mqurice