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Gold/Mining/Energy : Gold Price Monitor

GDXJ 96.88

+0.9%

4:00 PM EST

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To: Hawkmoon who wrote (37931)	7/28/1999 11:07:00 AM
From: long-gone	Read Replies (2) of 116762

<<There is a constitutional obligation for the US govt to maintain a sound currency. It does dictate how, but only that it has an obligation to do so. So if selling or leasing gold is required to achieve this, they ARE FULLY WITHIN THEIR CONSTITUTIONAL OBLIGATIONS AND AUTHORITY TO DO SO. And those who seek to prevent this flexibility to buy and sell the nation's gold supplies are interfering with the constitutional duties of the US Treasury through the Federal Reserve.>> I very near agree they have the right to do so, but I do not agree they may allow information of future moves to some and while denying it to others. <<Point #3.) Politicians are driven by two factors... abiding by their oath to protect the constitution, and obtaining/retaining votes. When the majority of Americans either hold gold or are engaged in the production of gold, then I agree that the gov't may have a role to play in preserving its value. That would only make political sense.>> There are two other motivating factors: power, and money in their own pockets. Past what line must the actions of a politician(s) cross to indicate they not only have stopped preserving the value and have worked to destroy to the value of gold? If either of the second two reasons induced them to cross that line, should questions not be asked?

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