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


To: ahhaha who wrote (34641)5/29/1999 7:29:00 AM
From: Bearcatbob  Read Replies (2) | Respond to of 116764
 
Thread, The short squeeze will be mitigated by the ultimate gurantor - Fort Knox. Neither Slick Willie or any other administration can tolerate a huge acceleration in the price of gold. The "house of cards is based on a low interest rate - high cash liquidity - low inflation bubble". If inflation were to start the bubble would be in serious danger.

Bob



To: ahhaha who wrote (34641)5/29/1999 8:14:00 AM
From: Enigma  Read Replies (3) | Respond to of 116764
 
Maybe the mining companies should buy some of that BofE gold?



To: ahhaha who wrote (34641)5/29/1999 9:50:00 AM
From: Freedom Fighter  Read Replies (1) | Respond to of 116764
 
I agree with your free market analysis of the situation. But what we have to remember as investors is that we do NOT have free markets.

We have "managed" free markets.

What that means is that in the interest of short term stability, government, central banks, global institutions and other key players interfere with the market mechanism in order to prevent any shocks to the system and instead "manage" us into disasters that occur further down the line. (under somebody else's watch of course)

Wayne