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Strategies & Market Trends : MDA - Market Direction Analysis

SPY 659.00

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Nov 21 4:00 PM EST

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To: Zeev Hed who wrote (52525)	5/29/2000 8:45:00 PM
From: Claude Cormier	Read Replies (1) of 99985

<<it is greater than $5 trillions and thus it makes the absurdity of gold as a reserve clearer.>> I see no problem there. There is only 0.72 ounces of gold per capita available on this planet. Gold could certainly be worth $15,000, $30,000 or more per ounce if we really want to use it as money. The growth of gold production is near 2%, more or less the growth of the worl population and more or less the growth of worldwide GDP over the long term. If needed, we could go on a gold standard with partically backed (50% or 75%) currencies to allow faster gorwth. Still this would control excesses like we had in the last 20 years that now threathen financial stability.

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