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Gold/Mining/Energy : Gold Price Monitor

GDXJ 126.27

+3.5%

4:00 PM EST

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To: Alex who wrote (39312)	8/20/1999 8:29:00 AM
From: ForYourEyesOnly	Read Replies (1) of 116847

Creation of Money: I've got a very simple question about the current US monetary system. Who gets to keep the profits made when a piece of paper only worth a few cents (a US $100 bill) is introduced to a market where it can buy $100 worth of goods? A $100 bill probably only costs a few cents to make. Some paper. Some ink. And a printing press used to make millions of the things. Let's say for the sake of argument it costs $0.10 to make a single bill. Once the $100 bill goes into the marketplace, it can buy $100 worth of goods. *Profit = Sales price - costs = $100 - $0.10 = $99.90 Where do these profits go under our present system? I would be very thankful to anyone who can provide me with a simple explanation of where this money goes. Thanks in advance, THC

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