Re: It's time for a slam on gold - ElPrimero
posted on
Nov 11, 2007 09:21PM
I am neither knocking nor pumping Gold. But I do think you are right on Central Banks being willing to stymie the run up in its price. They may tolerate a steady but slow if not controlled rise in such a turbulent time as we likely will see over the next 6-18 months. But it is very much to their benefit to not let a hysterical run up to occur. Thus the effort to minimize the general flight to perceived safety. In turn maintaining perceived confidence in Bank Notes. Looks like it is going to be a tug of war for some time. Some time in the not too distant future there may be a genuine effort to rain in the abundance if electronic currency but as of now I have no real idea as to how that could be accomplished nicely.
Old Joe
PS: I've noticed a little attempt by a few to regenerate the false impression that the DE Eagle 1 is not heading to the west but rather incorrectly heading due South. They can fool themselves but I hope NOT other less knowledgeable investors. Let the gamblers and fast speculators play with the South. I will stick with Probe and if and when possible accumulate more.
Good Luck and Smart Choices to Investors. The hustlers can not hurt you if you keep your investment strategy prudent.