Gold Price Fixing by proposal for Y2Kgreenspun.com : LUSENET : TimeBomb 2000 (Y2000) : One Thread
"Mundell: The President should direct his Secretary of the Treasury, Larry Summers, to convene a meeting of the finance ministers and the central bankers of the U.S., Canada, Britain, Japan and the 11 European countries that use the euro. They should stabilize monetary exchange rates and the price of gold for a period from about a month before to two or three months after January 1. "
-- ng (email@example.com), October 27, 1999
Well, at least they would be willing to do it in the open. OOPS TOO MUCH LIGHT HERE BACK TO THE CAVE!!!!!
-- jes an ol footballer (firstname.lastname@example.org), October 27, 1999.
What's most important here is the REASON. There is no logical reason to fix the price of gold except to save their friendly contributors, goldmansachs and other large hedge funds who are massively short gold.
-- goldbug (email@example.com), October 27, 1999.
Fixing the price of gold is a good start but doesn't go far enough.
They should also agree to fix the price of stocks - just as a protection for the American people.
-- Me (firstname.lastname@example.org), October 27, 1999.
-- D.b. (email@example.com), October 27, 1999.
Then the black market kicks in. POG: $300 oz. Price of a 1-oz gold American Eagle: $400. Those premiums'll kill ya!
-- Scazy (firstname.lastname@example.org), October 27, 1999.