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

To: Enigma who wrote (27653)	2/3/1999 10:14:00 AM
From: Hawkmoon	Read Replies (2) \| Respond to of 116791

I've never really bought into this stuff DD, Of course you haven't, because you think like a goldbug, not a central banker. To a CB, gold and silver are just additional commodities that are perceived as individual currencies in and of themselves due their extensive history of being used that way. But not only to CBs hold large quantities of precious metals for the purpose of applying leverage on the monetary system, they also hold large quantities of competing currencies like the Yen and Euro. Remember when Brazil sold dollars as fast as they could in order to buy back their own Real?? If their dollars had actually been gold, they would have done the same, and thus that the reason that so many of the lesser CBs are discussing selling their gold reserves and relying on the buying and selling of the reserve currencies such as the Dollar and Euro. Think like a Central Banker and try to figure out what their strategy is when it comes to gold. Put your pre-conceptions aside and analyse the precious metals market objectively, instead of emotionally. Regards, Ron