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Gold/Mining/Energy : Gold Price Monitor -- Ignore unavailable to you. Want to Upgrade?


To: lorne who wrote (3796)12/3/1997 7:41:00 PM
From: PaulM  Read Replies (3) | Respond to of 116857
 
And Switzerland. Good Point. Those CB's that have too much are selling to those that have less?

Just for fun, I bought a Gold Eagle today at my local Republic State Bank (they're in the world trade center building). I say just for fun because it's the only gold I own and you can't really invest less than $1000 worth because you end up paying sales tax, which in this Big Apple, Hel-of-A-Town, City-that-never-sleeps is 8%. Bit more than a commission.

Anyway, I guess they were afraid I was cornerign the market. Because they got my ss #, name, adress, driver's license #, etc. I asked why and they said they have to report it to the govt. Something I didn't know until today. I think that's curious.

Anyway--it reminded me that maybe what we are seeing is an attempt to congtrol the price of AU in the global economy, as more drastic measures (confiscation) is impossible world wide.




To: lorne who wrote (3796)12/3/1997 7:45:00 PM
From: goldsnow  Respond to of 116857
 
>>>It just dosn't make any sense for a country whose economy depends
so much on gold to do something that would lower the price of
their product,there has got to be a reason for gold producing
countries like Argentina,Canada,Australia making these kind
of statements ????<<<

Does it make sense for hundreds to try to escape from smoke in crowded
disko on fire with one small door ? I guess it does if you make it.

Now let's wait for "movie" shout in a crowded firehouse.



To: lorne who wrote (3796)12/3/1997 10:00:00 PM
From: Ron Wilkinson  Respond to of 116857
 
Lorne, I read an article on this sale and it implied that they had minted
some bullion coins or still had some coin blanks on hand. Maybe thats what they meant by that gold still held. Regards, Ron