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

To: long-gone who wrote (3895)	3/4/1999 9:18:00 PM
From: Hawkmoon	Read Replies (2) \| Respond to of 81088

At prices such as these how could one stand not having "just a little"?(don't think this is investment advice, I just can't resist at prices such as this). Actually, I'm finding it much easier to resist buying gold at this point. Certainly more ambivalent about buying gold than when I first started following this thread. The Y2K crowd got me into the thought about buying gold over the past several years. However, until several months ago, I hadn't bothered to see what made the gold market tick. (Not that I'm claiming to be an expert). I don't believe Y2K is TEOTWAWKI. But I do believe there will be tremendous market gyrations later this year that will send the 30 year bond from its current lows to new highs as people try to figure out which companies with survive relatively intact after 2000. And I believe that many foreign companies will go bankrupt leaving US companies in a better global market position. When I see inflation in prices spurred by increasing demand or declining supply, then I know it will be time to buy gold. Until that time cash and bonds are king. Regards, Ron

To: long-gone who wrote (3895)	3/4/1999 11:30:00 PM
From: banco$	Read Replies (2) \| Respond to of 81088

Senator Against Selling IMF Gold (Rubin is urged to join in opposition) Thursday March 4 RENO, Nev. (AP) -- A proposal to sell some of the International Monetary Fund's vast gold reserves would be disastrous for Nevada's mining industry as well as the emerging countries the IMF is trying to help, Sen. Richard Bryan said Thursday. Putting additional gold on the open market would drive low prices even lower in an industry already reeling in Nevada and the West, the Nevada Democrat said. Bryan, who sits on the Senate Banking Committee, met Tuesday night with Treasury Secretary Robert Rubin to urge him to join in opposition to such a plan. ''He promised to take a look at it,'' Bryan said. The senator said he also told the treasury secretary that such a selloff could harm poorer countries that produce gold. full story - biz.yahoo.com