Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: long-gone who wrote (26734)	1/22/1999 10:48:00 AM
From: donald martin	Read Replies (1) \| Respond to of 116790

<<How would you "right it"? By allowing yet more manipulation?>> Let me get this straight. Is your definition of "manipulation" merely someone taking positions that run counter to your sensible ideas? <<President Grant ... selling gold>> I don't know the circumstances here, but if he was selling, he must've been getting what he thought was good value for his/our gold. Again, though, he (or the US) was a WILLING participant in the market. <<every Central Bank of the world sell all gold>> That's their right. What's manipulative if THEY decide that's what they WANT to do? And what's manipulative if their citizens are STILL foolish enough to hold their paper? It's THEIR choice. THEY are FREE to make that choice. I don't need central banks to own gold to have an appreciation for what gold is. Yes, it would fatten my portfolio if the CB's got together and said, OK, no more gold sales. Or better still, "We were wrong to sell so much and we're slowly going to buy more." But there's nothing FREE about your market if you think the CB's should do this just because YOU say so.