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

To: TobagoJack who wrote (26921)	12/27/2007 7:50:42 PM
From: Amark$p	Read Replies (1) \| Respond to of 218199

Well, the ECB central bank gold sale numbers announced today were actually commented on about 10 days ago by the ECB, but just now being reported officially. YTD, they are still 17 tonnes behind schedule (not including Swiss Sales). Namely, 103 tonnes actual vs 120 tonnes scheduled. That ECB sale finally showed up this week... drivehq.com YTD Swiss sales could be fairly substantial given Swiss sales in prior quarter, so it is possible ECB central bank gold sales are actually ahead of schedule by 20 tonnes or so YTD. We will not know until the Swiss report separately later next month... All in all, appears that central banks are on target to meet their 500 tonnes of gold sales this fiscal year ending Sept 2008.

To: TobagoJack who wrote (26921)	12/27/2007 8:53:04 PM
From: Maurice Winn	Read Replies (2) \| Respond to of 218199

TJ, for 8 years, gold has dropped against New Zealand houses. I do not believe that is because NZ is doing so well [productive people fleeing in droves to Oz leaving the spivs, bludgers and criminals to run NZ, debts to Japan through the roof of the houses which have been revalued upwards using borrowed money]. It is lucky I did NOT buy gold but continued owning the house we still have. I do not think that process will continue when [if] Japanese decide to have their money back. But it is a great shame I didn't take your advice to convert my Tranche of US$ cash to gold at US$323 when I ogled the stuff at Johnson Matthey, Grafton Road, Auckland. It would have been better still to turn it to NZ$, leverage up using yen, buy a dozen houses, sell them now, convert back to US$, wait. Hindsight is a wonderful thing. For a few years I have thought NZ houses are overpriced and hoping for a greater fool is not my way of investing. I prefer to see profits or at least the expectation of great things being produced in future when the development work is done. Mqurice