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

To: lorne who wrote (27677)	2/3/1999 3:39:00 PM
From: Hawkmoon	Read Replies (1) \| Respond to of 116791

I do try to understand your logic but its like trying to find the beginning or end of a circle it just doesn't seem to be there. Bill purports that there exists a large short position in gold held by numerous hedge funds and banks and based upon leased gold from CB holdings. I have seen no documentation to support that fact, but I'm assuming that it would make sense that it may be the case, certainly with regard to LTCM, where I have read other rumours about their gold short positions. Would his plan "work"? Maybe... maybe not. It all depends on how the CBs counterattack against such a squeeze. Should the price rise, then CBs could then sell into the market at higher prices since that is what they are planning to do over the course of time anyway. It would give them a better return for their gold holdings as well as preventing the POG challenging their Fiat currencies. I'm sorry you don't understand the battle that exists between the monitary illusion of gold vs. Fiat money. There is a battle going on there for the hearts and minds of mankind (to wax melodramatic..:0) who have a historic perception of gold as a storehouse of value, and the confidence of each individual country to fully back its own currency. If you haven't heard there is more and more discussion of Latin American countries dollarizing their economies, forsaking their own currencies. This made bode poorly for gold as the dollar becomes even more in demand by these country's economies. Regards, Ron