Web of Finance
|Sep 02, 2004 9:47 am
||re: re: Gold
| Robert Davidson
|| Dear Robert
From our viewpoint here in New Zealand we see the locus of wealth generally moving from West to East. Conspiracy theories abound with gold but from the point of view of long term investor they are just winding the rubber band tighter for the inevitable correction.
> Robert Blumen wrote:
> Hi Robert,
>I am curious, if you woulod like to share wiht the Wof, what is your opinion of the recent Sprott report (www.sprott.com) on the long-term manipulation of the gold price by a coalition of central banks?
>Sprott also has spoken about the long-term movement of the world's gold reserves from West to East, as the Western central bankers sell, the Eastern ones buy. I am curious if you have any insight into this from your location in a "western" nation situated nearer to Asia?
>> Robert Davidson wrote:
>> I think gold is in a long term bull market as the reality of the twin deficits in trade and government spending hit home. Long term America and hence the world has a problem.
>>Datmatrix New Zealand ltd
Private Reply to Robert Davidson (new win)