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Politics : Dutch Central Bank Sale Announcement Imminent? -- Ignore unavailable to you. Want to Upgrade?

To: Zardoz who wrote (3591)	2/20/1999 8:33:00 PM
From: C Hudson	Read Replies (4) \| Respond to of 81821

Hutch, Many of the differences that occur on this thread are the result of the fact that you are a trader and that many people on this thread are true goldbugs, which implies a whole philosophy with it. If you do have a good soul, as you have said, please understand that goldbugs are upset with the illusions that have been created by the creation of "money" which is not backed by anything other than confidence. You're interest is in making money. That is fine. Others see the problems that will come down the pike. The LTCM problem is such an example. Derivatives almost caused a complete collapse of the global economy. Not to mention, the essence of capitalism is FREE markets. Gold is meant to show when there is a problem with the system as it is true money. If it is manipulated, it is covering up the cracks. Ultimately, if the warning signs aren't allowed to show themselves, the problem will be much worse. You show a great knowledge of the markets, but the gold market is one that is very secretive and no one (at least on our level) knows all that is going on behind closed doors. Bill Murphy is attempting to do that. Not an easy task but I applaud his courage and conviction. I have seen the email from the Chairman of the LBMA. IMHO, Bill Murphy is an honest and decent man. He is to be believed. Thanks and good luck all of us in these potentially troubled times.