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Gold/Mining/Energy : Gold Price Monitor

GDXJ 92.99

+2.9%

Nov 7 4:00 PM EST

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To: Hawkmoon who wrote (44922)	11/12/1999 9:17:00 AM
From: long-gone	Read Replies (2) of 116753

<<There is no major need for "digital gold" in a world where financial transactions take place at the speed of light (or close to it). I sell dollars for yen in my account and that exchange is processed based upon the market value of both currencies at that particular time. Gold is not involved, the market determines the price instaneously. I don't have to ship the physical currency overseas or to another bank.. nothing.>> Then we can agree the current invention of the excess level of "electronic" gold & paper gold far above the actual inventory of physical gold is simply an invention to make some rich at the expense of others?

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