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


To: Robert Dirks who wrote (1714)10/20/1998 9:55:00 PM
From: NickSE  Respond to of 81753
 
What do you mean Y2K crisis? That little bug thingy. :o)

zdnet.com

zdnet.com

And not to mention the looming Y2K crisis, which will send most ordinary folk to the bank for cash and/or PM's, just in case.
There is an outside chance that Y2K problems could shut down international bank settlements, creating a banking crisis.
In that scenario, your digits on your bank book would mean diddly-sqat, just like in Russia recently.
Whether it happens or not, it will be prudent to have some insurance.......



To: Robert Dirks who wrote (1714)10/21/1998 8:04:00 AM
From: Crimson Ghost  Read Replies (1) | Respond to of 81753
 
BOB: Armstrong has made many good calls, but quite a few awful ones as well. He was right on stocks and bonds last summer, but disastrously wrong on the yen. He was totally wrong on oil a few years ago. His call for new lows in the stock market this year also looks to be way off base. I still see real short-term US rates as the golden key and they are coming down.

BTW, he has been calling for $200 gold for quite some time. So this is not a new forecast



To: Robert Dirks who wrote (1714)10/21/1998 12:14:00 PM
From: Jim McMannis  Respond to of 81753
 
Can someone PLEASE explain to me what the y2k problem has to do with gold? Is this just another "kitco", "gold as a safe haven" pipedream or what?

Jim