[lbo-talk] 12%, plus

[Jordan Hayes]

> I'm not saying this is going to happen -- but imagine that one
> day all the governments holding gold start having the same
> existential doubts about the intrinsic value of gold that I
> do, and decide it's time to get out of the
> gold-reserve-holding-business for good.

Up until 9/11 and the crazy run on oil, there was big speculation that 
Russia was doing exactly that, and it certainly depressed prices.  Now 
they don't have to :)

/jordan