[disclaimer]

GOLD ON SALE

For a limited time GOLD now under $314 an ounce. No coupons or rebates required - but you have to act fast. Buy gold on someone else's nickel as bank intervention pushes gold lower. Stock up now!

Chart provided by http://www.kitco.com Chart provided by http://www.kitco.com

[arthurus]

bank intervention pushes gold lower

These bank interventions and governmetn interventions only cost the intervening institutions money. In the case of governments that money is yours and mine. They accomplish their intended effects on the gold price always much less then intended and always for miniscule amounts of time. Banks and governments think to sell gold to each other to give a cost free illusion of activity but some of it always dribbles off into the market, to the jewelers of India, otr the Gnomes in China and the institutions lose thereby. And the price of gold next week is the same as it would be were there no intervention.

[Dec31,1999]

Discussion about the Eoro should be more prominent on this thread. The Euro is the newfangled and apparently successful competitor to the Dollar, which is an indication of the rising power of the EU, or more specifically Germany.

The Euro cannot be ignored in discussions about currency.