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

To: Jim McMannis who wrote (5554)	4/25/1999 10:11:00 PM
From: Hawkmoon	Read Replies (1) \| Respond to of 81857

P.S. Don't be so hard on Bill. I'll never be as hard on Bill as Ole 49r has already been. Aware of the risks or not, there are minimum disclosure rules that should be applied here if someone is going to use this public forum to solicit donations to GATA. I personally don't wouldn't care if Bill takes a salary. I certainly wouldn't expect him to work for free on this. But all non-profits are supposed to disclose the compensation schedules of their leadership. As for applying terms Jim, I already know the impact that GLOBAL price deflation and currency devaluations have had on the price of gold. There has been a reduced demand for goods while at the same those nations have continuted to maintain their excess production in order to raise hard currency. This has caused an increased demand for dollars and access to US markets. The dollar has become stronger relative to other currencies and to the price of gold. The Fed and other CBs have distorted this dollar/gold exchange rate through what is essentially their monopoly control of the gold market. They have done this to prevent an all out collapse of the gold markets which would thrust the dollar to even higher levels, result in an clammer for protectionist trade policies, and effectively cause catastrophic contraction in credit lending (people would be forced to pay back loans in ever increasingly stronger dollars), and massive contraction of the economy. At this point the Federal Gov't would be forced to undertake colossal stimulative spending and force even more control over the only remaining competitors to the US dollar... ie: Gold and Silver. Did I leave anything out?? <VBG> Gold is only valuable when the global reserve currency is threatened with inflationary (thus devaluative) pressures or lack of confidence created by politico-military events. When either of those two events occur, Gold and Silver is where I want to be as well and you'll be hearing me sing its praises. But that will occur when the Fed stops monopolizing the gold market and permits a "wash-out" to occur that tells us we've economically bottomed out and global demand is recovering. And I ain't seeing that yet, no matter how high the Hang Seng and Nikkei climb. It's still a suckers' rally in Asia, IMO. Regards, Ron