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

To: Mark Bartlett who wrote (20772)10/6/1998 12:31:00 AM
From: Don Green  Read Replies (4) | Respond to of 116822
 
> I would add - if gold were dead - then why does the US bother to hold on to it?

reason # 1. Because Bill Clinton is still rising in the popularity polls. Which tells a lot..

#2. America is the most leverage country in the world and we can afford to get out while it still has some value.

regards
Don



To: Mark Bartlett who wrote (20772)10/6/1998 1:49:00 AM
From: Serge Collins  Read Replies (3) | Respond to of 116822
 
The reason central banks still have plenty is that they can't get rid of the stuff without destroying the price. Many smaller holders like Canada and Australia have already dumped most of their gold and if the four biggest holders--U.S, France, Germany and Switzerland could find a way to do likewise, they would.

It's still in their vaults as a relic of the past.


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