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

To: Serge Collins who wrote (20796)	10/6/1998 1:57:00 AM
From: Enigma	Read Replies (2) \| Respond to of 116832

SC - interesting to contemplate those 6 countries - which have the two weakest currencies? Co-incidence - I think not. What is your substitute for gold as a reserve - paper? Can it be debased? Can more be printed? Is it someone else's debt? If you're going to take the contrary position let's have more than an opinion or hunch. E

To: Serge Collins who wrote (20796)	10/6/1998 7:28:00 AM
From: Mark Bartlett	Respond to of 116832

Serge, <<The reason central banks still have plenty is that they can't get rid of the stuff without destroying the price. << If the stuff is garbage - then the price means nothing ... anything they can get for it is better than nothing. MB

To: Serge Collins who wrote (20796)	10/6/1998 5:26:00 PM
From: Broken_Clock	Read Replies (1) \| Respond to of 116832

<<The reason central banks still have plenty is that they can't get rid of the stuff without destroying the price>> Good logic Serge... But if they know, like you and Don, that the price of gold is going to $150, why wait till then to sell? ...be the first on your block to get out. I guess those 4 CB directors aren't as smart as you and Don...they couldn't see this coming when gold was $800/oz. You don't suppose they looked at the Canada and Australia currencies crash after they sold their gold and had second thoughts do you? Then again, maybe having a worthless currency is a good thing in your world. But if it is, who's gonna buy that 6 trillion US$ debt if it's backed by a worthless currency?