Gold in them thar…

Posted on Aug 14, 2009 by WHC Bassetti in Letters

There is certainly gold thar -- it's the finding it that's the trouble.  As we see it the government should be doing everything in its power to hold down the price of gold.  If it breaks out and runs away (first of all they'll never catch it) and second it will shake the economic system to its roots because it will be a screaming symbol of loss of confidence and a fear barometer.  So everytime it looks like it might take off they announce that the IMF is going to sell 400 tons.  That's a lot of gold watches.

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