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Gold/Mining/Energy : Gold Price Monitor

GDXJ 92.99

+2.9%

4:00 PM EST

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To: long-gone who wrote (36025)	6/28/1999 11:15:00 PM
From: Hawkmoon	Read Replies (4) of 116753

Is any liberty more basic than that of a free market? The idea of "fair market", friends, is not valid, as one would first have to answer "fair to whom?". That for which we ask is rather a free market. Thanks for quoting from Jefferson's handiwork... The problem you and so many other gold lovers face is the inherent contradiction of gold. If gold is a currency, then the Federal Reserve has the right to control its production and price as it sees fit, just as it does versus other world currencies. But if gold is a commodity, then its obviously manipulation of markets. All of the world's central banks buy and sell each other's currencies on a daily basis in order to maintain target zones specified by national policy economic conditions. Why should they feel compelled to treat gold any diffently so long as you and others claim gold is a currency?? You can't have it both ways. Regards, Ron

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