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RE: [RT] etf's on gold start today (ergo "public"interest) --possible sale therefore.

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Europeans bid the price of gold for for several months before Americans were allowed to buy again. They anticipated a huge surge of American buying. What they found was that Americans had no interest in gold because (imo) they had no experience with gold as the ultimate store of monetary value.
-----Original Message-----
From: Trey Johnson [mailto:dickjohnson3@xxxxxxxxxxxxxx]
Sent: Thursday, November 18, 2004 2:08 PM
To: realtraders@xxxxxxxxxxxxxxx
Subject: RE: [RT] etf's on gold start today (ergo "public"interest) --possible sale therefore.

I'm not quite sure how allowing Americans to own gold again would drive the price down? I don't think that etfs will any effect on the price of gold, but it could decrease the interest in gold futures. I think that fall in the 70s had more to do with central banks than individual americans. With the collapse of the Bretton Woods agreement, gold was no longer an international reserve asset for banks as the dollar was no longer redeemable in gold. Just my two cents. Thanks for the information, I didn't know about gold etf.
Trey
-----Original Message-----
From: schroeder36 [mailto:schroeder36@xxxxxxxxxxx]
Sent: Thursday, November 18, 2004 9:51 AM
To: realtraders@xxxxxxxxxxxxxxx
Subject: [RT] etf's on gold start today (ergo "public"interest) --possible sale therefore.

remember 1973 (~?) when americans could own gold again?...
it traded from ~$200/oz down to 103.5/oz several years later.
 
my dad showed me some cool coins at the dinner table when he came back from oregon to chicago in the summers...
 
wasn't it in AUG?
 
ss



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