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POLL: IF the US Treasury ANNOUNCES A GOLD SALE, what %age will POG decline?
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<p>[QUOTE="Juan Blanco, post: 1616291, member: 41665"]InfleXion-</p><p>I don't disagree with those who rightly mock the idea that 'selling the Gold will fix the problem.' It might be sheer desperation, I'll grant. But set that aside a moment.</p><p><br /></p><p>My point is simply this: last time the US threatened to sell PM reserves -- and actually sold just ~1% of said Silver reserves -- POS actually tanked -43%. The record shows that, <i>NOT buying</i>. <b>Caution!</b> And oh, how the SilverFish <i>wailed </i>back then; Reagan relented. </p><p><br /></p><p>Again in 2000-2, the massive BoE Gold sales coincided with a Gold Low (and the Swiss CB was selling its stockpile secretly too.) Don't forget precedent.</p><p><br /></p><p>Remember now: Gold-Bugs have no friend in this Administration. Given the high correlation of 'guns-&-Gold' to Tea Party/Birther-Preppers, there's no love lost either side. They lost the election... so why NOT whack Gold, as political comeuppance/pay-back to those same-same Congressional obstructionists? Any political theatre in DC doesn't <i>favor </i>Gold, friend. On the contrary, Gold may become a bargaining chip if the impasse continues to the 11th hour. </p><p><br /></p><p>Just sayin' - pure conjecture it is, for now.[/QUOTE]</p><p><br /></p>
[QUOTE="Juan Blanco, post: 1616291, member: 41665"]InfleXion- I don't disagree with those who rightly mock the idea that 'selling the Gold will fix the problem.' It might be sheer desperation, I'll grant. But set that aside a moment. My point is simply this: last time the US threatened to sell PM reserves -- and actually sold just ~1% of said Silver reserves -- POS actually tanked -43%. The record shows that, [I]NOT buying[/I]. [B]Caution![/B] And oh, how the SilverFish [I]wailed [/I]back then; Reagan relented. Again in 2000-2, the massive BoE Gold sales coincided with a Gold Low (and the Swiss CB was selling its stockpile secretly too.) Don't forget precedent. Remember now: Gold-Bugs have no friend in this Administration. Given the high correlation of 'guns-&-Gold' to Tea Party/Birther-Preppers, there's no love lost either side. They lost the election... so why NOT whack Gold, as political comeuppance/pay-back to those same-same Congressional obstructionists? Any political theatre in DC doesn't [I]favor [/I]Gold, friend. On the contrary, Gold may become a bargaining chip if the impasse continues to the 11th hour. Just sayin' - pure conjecture it is, for now.[/QUOTE]
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POLL: IF the US Treasury ANNOUNCES A GOLD SALE, what %age will POG decline?
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