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Strategies & Market Trends : Currencies and the Global Capital Markets -- Ignore unavailable to you. Want to Upgrade?

To: Henry Volquardsen who wrote (1217)2/3/1999 7:37:00 PM
From: Thomas M.  Read Replies (1) | Respond to of 3536
 
... There really is no rational reason why the central banks would wan't to depress gold ...

There most certainly is a rational reason for it. Gold is the most widely watched indicator of currency debasement. It is a symbol of central bankers credibility, a symbol of the credibility of fiat money.

Tom



To: Henry Volquardsen who wrote (1217)2/3/1999 11:04:00 PM
From: paul ross  Respond to of 3536
 
Thanks, Henry.
Would find it of great interest if you and Bill Murphy, who appears to be quite experienced in the world of finance with a great many contacts across the globe (much like yourself), could have a cyber debate, especially on the gold lease issue.

You both hold such diametrically opposed views, would be a most interesting discussion.


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