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

To: Ron Schier who wrote (16827)	8/28/1998 12:57:00 PM
From: IngotWeTrust	Respond to of 116818

Don't get me wrong...I believe the Ruskies have many "golden" aces up their proverbial sleeves, much more than the 600T public gives them credit for. That's just the ounces/cards on t'table as far as I'm concerned. The manipulation of public sentiment in the gold arena is amazing to watch... frankly, the IMF required 'em 2 put up gold 2 make the loan to them. Loans can be rolled forward... Gold is the best collateral going... They haven't forgotten where it is or how to get more, anymore than I've forgotten where the good lord himself re-loads the placer gravels every year in my neck o'the woods. When one is a Nation/gov't w/massive natural resources, calling that entity bankrupt and worrying about them dumping resources to gain fiat currency is about the dumbest thing I've ever heard tell of. If one needs proof, one only has to look at their shrewd parlaying of palladium into hard currency. These Ruskies are NOT johnny come lately's to the game of high finance! In fact, they keep adding new chapters to the book. Of course, holding a good chunk o'this world's nuclear warheads doesn't make one want to pull the whiskers of the drunken sot's tiger very much either, come t'think o'it..... O/49r