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Re: [sharechat] Gold and derivatives


From: hugh webber <hugh.webber@clear.net.nz>
Date: Sun, 10 Feb 2002 07:39:12 +1300


do the xenophobists realise that back in say 1820, the whole of Australia was 
owned by foreign
interests? Cripes.
And that when the gold sector inevitably crashes back to earth like 1987 and 
more recently the tech
bubble, if it is totally owned by foreign interests.....then it is the foreign 
interests who will
get the caning - heh heh heh.

Sorry, but after so much experience of bubbles, starting with the first South 
Sea Bubble, I am prey
to unbounded cynicism and scepticism as to a Golden Age.
And I note the paper yesterday said it was due to high Japanese demand as their 
economy staggers
due to inbuilt cultural atavism, plus hide under the bed Enronitis, that gold 
is going up. It said
that Indian demand/Indian imports of gold had halted due to the high price of 
gold.

So what's next? Well, there's a new story that the Japanese government is going 
to buy shares on
the Nikkei to support it; the Enronitis seems to be limited to Enron, why hold 
onto gold when you
can get good returns on whatever the latest beat-up is.

An historical conspiracy to keep gold down? hmmm, sounds rather like the 
"Jewish" protocols. I
think Roswell is more plausible......or the X files. 

cheers,
Hugh      









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