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

To: Alex who wrote (5607)	1/11/1998 5:18:00 PM
From: PaulM	Read Replies (2) \| Respond to of 116759

Your commentary is appreciated as well. What say you about the link? I read through some of "Another's" comments at some point. The argument seems to be that CB's lower gold price so that Arab oil sheiks can buy it cheap as part payment for oil,i.e, we get oil from the sheiks, and in return, they get the dollar price of oil PLUS they get to take advantage of the difference between the "true" value gold and its cheap current dollar value. A major problem I see with this is that if we wanted to pay the Sheiks "on the sly" to allow the continued flow of cheap (dollar value) oil, why not do it directly. The way that is suggested in the links is a very ineffecient payoff, because everyone can take advantage of the lower gold price, not just the shieks. What do you think?