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

To: long-gone who wrote (28672)	2/21/1999 4:18:00 PM
From: GST	Respond to of 116857

Richard -- I pretty much share your views -- but I think there is growing central bank interest on the buy side. The demonetization of gold has gone about as far as the major players would like, and I think we will see pressure to reduce leasing. Asia has few options to stabilize their regional currencies vis a vis the US dollar -- I think they will turn to gold for their own reasons -- that is why I like gold here -- everybody has a reason to be buying it. BTW, by paper gold, I mean playing with leverage -- the real stuff interests me more as the price moves up because I will focus more on preservation of capital.