Free Republic
Browse · Search
News/Activism
Topics · Post Article

To: shanec
Former Malaysian Prime Minister Mahathir Mohamad said on Sunday that Saudi Arabia should sell oil for gold, not dollars, to avoid being "short-changed" by a decline in the U.S. currency.

Good advice, despite the wacko source. Gold may see a nice boost Monday.

3 posted on 01/18/2004 9:19:11 AM PST by montag813
[ Post Reply | Private Reply | To 1 | View Replies ]


To: montag813
"Gold may see a nice boost Monday."

Especially now that we've had this recent correction and many of the shorts have gotten themselves covered and the weak longs have been flushed out. Was also interesting to see how well silver recovered, too. Lot of buyers there, not just in futures, but taking the physical. While the world focuses on gold and the Central Banks continue to try and tarnish it as a viable alternative to their paper, silver has the potential to double much quicker than gold, IMO. -Shane

10 posted on 01/18/2004 9:31:39 AM PST by shanec
[ Post Reply | Private Reply | To 3 | View Replies ]

Free Republic
Browse · Search
News/Activism
Topics · Post Article


FreeRepublic, LLC, PO BOX 9771, FRESNO, CA 93794
FreeRepublic.com is powered by software copyright 2000-2008 John Robinson