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Strategies & Market Trends : Ride the Tiger with CD -- Ignore unavailable to you. Want to Upgrade?

To: tyc:> who wrote (175088)	9/27/2009 1:49:36 AM
From: Threshold	4 Recommendations Read Replies (1) \| Respond to of 314139

[[>>"and selling it today for four times that."<< To whom ? If governments sell gold to the public, they are in effect reducing the public's cash holding. Their strategy has been the opposite; i.e. to increase the supply of money in circulation. The IMF plan to sell gold is different. It will raise cash which will they will supply to needy nations, whose propensity to spend is greatest. It will be stimulative to world economies, I think.]] OK but... It has always seemed fishy to me that the big sellers of gold are always named publicly, and with much media coverage, whereas the buyers are seldom mentioned. ie: who bought the gold at "Browns Bottom"? Not as if retail buyers bought it all a few ounces at a time. I suspect that the gold is mostly sold under much publicity by big name organizations in an attempt to depress the price by using a big name seller, and the large amount, to change sentiment towards the metal, and it is quietly bought by other central banks. This way they, the group of collaborative central bankers, retain the gold, and can, at a future date, publicly announce that yet another central bank is selling yet another huge hoard of gold. The same gold just changes hands and the net result is that the paper printers always have large amounts of gold to sell, regardless of how many times they announce that one of them is selling yet another huge hoard. The result... a continuous string of well timed, big publicity, big name gold sales without losing control of any gold inventory. How long until everyone figures that out?