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

To: Sam who wrote (22330)	10/27/1998 1:08:00 PM
From: Ahda	Respond to of 116753

#3 Inflation is totally under control by interest rates Why?

To: Sam who wrote (22330)	10/27/1998 1:09:00 PM
From: Edmund Lee	Read Replies (1) \| Respond to of 116753

<gold is being control> Who and what for? This is what I see from this statement. Who? IMO the biggest buyer and seller in the market is the US government. It is sell spot gold at a quantity that gold cannot rises above the $300 barrier. Yet buying huge quantity of forward gold at $400 from producers like ABX and NEM. It looks like stupid which is not. If US gov't buy spot gold in tons, the price of gold would shot through the roof and there is no way to accumulate the quantity it wants. What for? if US govt hold the majority of gold, it can then control the price of gold say $2000 an oz. Then US can pay back all it foreign debt with little pain. After all US govt. is buying gold with paper.