Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: Terry Rose who wrote (10974)	4/29/1998 10:29:00 PM
From: Enigma	Read Replies (1) \| Respond to of 116957

Russian purchase - the reason I mentioned Russia buying from its own producers is that this has been their policy for some time. I can't remember where I read this - possibly on the World Gold Council site. I think they have in fact been buying 40% of domestic production. So if the news you mention is along these lines, then it is 'old news' really. The significant thing would be for,say, Japan, or China to be a buyer, just as Taiwan was a large buyer in 1993 or thereabouts. I have never understood why the Japanese haven't stashed away a lot of gold, unless it is possible to do so in a clandestine manner. It's hard to believe 'the official line' from governments on any sort of sensitive topic (nuclear leaks for example, Iran Contra for another). So how do we know what they are really up to with gold? We have heard about the Fort Knox conspiracy theory. Maybe there's something to it after all?