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To: wallacestevens who wrote (4025)9/4/1998 12:12:00 PM
From: long-gone  Respond to of 5936
 
Your "golden boyz" may yet be,but my choice may well be Neil & Karen of the Fox News.
Per the admission of CNBC the market is bigger than the FED. It is bigger than all the governments of the whole world!
This whole economy is held together with only a few words, "The Full Faith and Credit of the US Government". As long as we all have that
"Full Faith", everything works. When we(and most other governments) have political problems, and currencies are failing(or at least falling) all around us, IMHO that very same "full faith" is threatened or under fire!
Under those conditions gold can again shine. There is only a limited supply, and no government of the world can print it. And of the FED,
This market might well be able to soak up every single existing ounce in the whole and desire yet more!
Could it be that we may be seeing a change of the whole world? Could it be that there is a move to substance over style? We can only hope.
richard



To: wallacestevens who wrote (4025)9/4/1998 12:41:00 PM
From: Redhead  Read Replies (2) | Respond to of 5936
 
wallacestevens,

Yes, it is irrelevant to this thread, and Richard I see has posted on several threads about his anger at the lack of gold converstions.....I would ask Richard to please not use this thread as a forum for criticizm, the CNBC thread if the appropiate place for that....

Before Richard jumps all over me, let me say I own a gold stock, and I find plenty of places that discuss it on SI......

So, have a nice day everyone, and let's keep a happy face.....smile

Red



To: wallacestevens who wrote (4025)9/4/1998 2:15:00 PM
From: long-gone  Read Replies (1) | Respond to of 5936
 
btw,
If as you state,"gold will be largely irrelevant" , why is the XAU up
for the last 4 days, and up 11+ last two days?
rh