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Politics : Dutch Central Bank Sale Announcement Imminent? -- Ignore unavailable to you. Want to Upgrade?

To: Bill Murphy who wrote (1492)	10/10/1998 1:29:00 PM
From: m.philli	Read Replies (1) \| Respond to of 81164

Bill, since there appears to be a conspiracy to keep gold down, how about the other side of the trade? How much money would be required to buy all the physical gold there is? If someone was willing to buy until the price run up to ,say, 400 and maintain that as a bottom, how much money are we talking? How much money can you borrow on a 300 dollar ounce of gold. I know this may seem like a joke, but somebody must have run it through the computer and come up with a number, be interested to hear what you think , with or without leverage, what the numbers are. The numbers I have seen for LTCM appear to be in the ball park for all the monetary gold above ground. Maybe we can invest in a hedge fund willing to take the "other side". Thankyou for your patience throughout all my ponderings

To: Bill Murphy who wrote (1492)	10/10/1998 2:01:00 PM
From: Robert Dirks	Read Replies (2) \| Respond to of 81164

I have to agree with you again. I cannot find any other explanation for Gold not performing better. CB Gold must be flying out the door to satisfy the record physical buying. If Gold were allowed to jump, lets say $25. in one day, I would expect half my neighbors would be jumping in their cars and speeding to the nearest Gold store. This could set off a massive revaluation of Gold. The Financial powers realize this, and they are pulling every trick to keep this from happening. I look at the Comex open interest rising to almost 200,000, meaning that new contracts were written at current prices to satisfy the buying demand, and keep the price from rising. Of course, the only thing backing these 100oz contract is about $2000. margin. Pretty cheap game if you as me....... I think the name of the game is to anticipate the moves of these entities, not get overextended, and be ready to take advantage.... Regards