Reply to thread

Message: <blockquote data-quote="vantexan" data-source="post: 6066131" data-attributes="member: 24302">It was my understanding that he was talking about the world gold price being "revalued" in earlier posts.  The above post was speaking to how the U.S. government values its gold holdings.  But let's say the U.S. decides to revalue its gold holdings and sell them on the open market to bring in needed cash.  In 1998 numerous central banks started selling their gold holdings and drove the market price down to just over $250 an ounce in 1999.  So if anyone is thinking there's some grand plan to explode the price of gold upward just remember that precious metals, like any commodity, are subject to the economic laws of supply and demand.  Now give me a thumbs down and go about your merry way.</blockquote>