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Gold/Mining/Energy : Global Platinum & Gold (GPGI) -- Ignore unavailable to you. Want to Upgrade?

To: Korey W Carlsen who wrote (4923)	1/29/1998 3:33:00 PM
From: Randall E. Brubaker	Read Replies (1) \| Respond to of 14226

Gold may not be dead yet, but this idea seems crazy to me. Gold may be near or past a bottom, and they are going to effectively short it by offering gold backed bonds at the same time they are going short by selling the borrowed gold to raise foreign currency reserves. Thailand borrowed dollars that went up in value while they were short, and now they're going to do the same in gold. Actually, since they are borrowing the gold from their own citizens, what they'll probably do if the POG goes up is default or "reschedule" return of gold borrowed. Any Thai citizen that goes for this has to be either stupid or fervently patriotic.