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

To: tekgk who wrote (5558)	1/10/1998 1:03:00 PM
From: Alex	Read Replies (1) \| Respond to of 116756

Amen!!!!!!!!!!!!!!!!! afr.com.au

To: tekgk who wrote (5558)	1/10/1998 2:07:00 PM
From: lorne	Read Replies (1) \| Respond to of 116756

Hello Tekgk,You mean you don't think US and Canadian tax payers would give their gold to their governments :). I have been watching ( as all of us have) the CBs come out with some sort of news release that will devalue the POG as soon as it starts to rise a bit, this has been going on for almost a year. Questions and thoughts for anyone. Is the intent of CBs to lower the POG or divert attention away from some other problem or both. It seems over the last year that as the Asian currency and market crisis worsened so did the dollar value of gold worsen. I have been thinking all along that the CBs are keeping the price of gold low to discourage a run on it as a store of value but wouldn't a run on gold be more preventable if the price of gold were high? But I guess competition to the dollar is not desirable. With gold sales up and and countries begging their citizens for more gold its hard to believe its all being made into earings. Is it possible Korea and others need gold to cover some market position why not stick to paper.? AS folks said on this thread before --Going to be an interesting year. Lorne