[e-gold-list] Re: Another in the series: "Will the media deign to notice?"

[bob]

Pete Chown wrote:

>> So I view the current "spot price" as an opportunity to lay my hands on
>> actual physical gold, i.e. make a "run on the bullion bank" just as
>> there is a run on the fiat bank in the UK right now.
> 
> That's interesting isn't it...  If enough people demanded physical metal, 
> it would force the unwinding of all these positions, causing the price to 
> go up (a lot).  The trouble is, it would need an enormous amount of money 
> to make it happen.  

Here's a good perspective on relative amounts:
http://www.silverstockreport.com/2007/tiny_size_of_gold_market.html

> There may not be enough gold to back all the 
> investment in gold, 

I am expecting a default on the US silver futures markets. Maybe later
there will be gold futures defaults.

I don't know what the end game is for the US gold and silver ETFs, but
to me they stink to the high heavens.

bob



---
You are currently subscribed to e-gold-list as: e-gold-list at kobly.com
To unsubscribe send a blank email to leave-e-gold-list-512001C at talk.e-gold.com

Use e-gold's Secure Randomized Keyboard (SRK) when accessing your e-gold account(s) via the web and shopping cart interfaces to help thwart keystroke loggers and common viruses.