PHLX Gold/Silver Sector (XAU)

[long-gone]

To:John Barendrecht who wrote (113)
From: PSkars Friday, Jun 20, 1997 3:17 PM
Respond to of 79910

John, Interesting article...If the CBs sell all of their gold to reduce their debt and then there is a recession, then they won't be able to make their EUC commitment AND they won't have anymore gold either. It's always funny how govn,t never counts the affects of recessions on their economies and deficits...as if recessions never happen. Long term though, it should be very good for gold.
Best of Luck

Phil

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