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Gold/Mining/Energy : Gold Price Monitor
GDXJ 98.59-2.8%Nov 13 4:00 PM EST
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To: Hawkmoon who wrote (53230)5/24/2000 5:58:00 PM
From: d:oug  Read Replies (2) of 116759
 
To: Doug A K From: SI Admin (Jeff) Wednesday, May 24 2000 2:43PM ET

Hello Doug,
I have deleted post number 53012
from Gold Price Monitor thread
as it appears to be information
largely taken from a for pay web site.

Under our Terms Of Use
a brief summary of this post
would be appropriate
but posting copyrighted material
third party material
is not.

Thank you in advance for you cooperation.
Jeff G. Silicon Investor Community Administrator

So Ron, you again ???
Unable to look me in the eyes ???

But not here or there really,
but your just posted comments
about the role of physical gold,
as in its connection
to fiat paper money,
as follows you spoke
is <<At its heart,>>
where your perceptions are.

aSoon Atime will tell the true story.

(below, Ron Reece's thoughts)

At its heart,
ANY FINANCIAL SYSTEM
IS NOTHING MORE
THAN A CONFIDENCE GAME.

So long as people believe their money
is worth something,
they will continue to use it.

It really doesn't matter
whether that money is backed by gold
or merely the full faith and credit (FF&C)
of an entire nation.

What matters is the perception
that people hold in a currency
and the willingness to accept its use
in day to day business transactions.

That's why I think Goldbugs are so self-defeating.
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