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Gold/Mining/Energy : Gold Price Monitor

GDXJ 97.80

+0.9%

Nov 19 4:00 PM EST

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To: long-gone who wrote (57473)	8/20/2000 11:17:52 PM
From: Rarebird	Read Replies (5) of 116764

<You want to kill all subsidies?> You got things a little mixed up as usual. The allegiance of this Gov't, whether it is Democratic or Republican, will always be towards fiat, the US Dollar, as well as maintaining a strong economy with as little inflation as possible. Gold is a beautiful shiny yellow metal that holds aesthetic appeal, as well as insurance value against a declining dollar. In relation to technological advances (that you are using right now and take for granted), Gold has absolutely no value at all. It is merely a reactive currency that rises or falls in accordance with exchange rates. What has Gold ever done to make life more efficient, productive and responsive to the telecommunication needs of the World? Absolutely Nothing! I'm not advocating that people shouldn't invest a small portion of their portfolio in gold stocks, especially in times like these, with the possibility of a recession in 2001. What I am saying is that your naive to think that the government will ever give the same treatment to gold as it does to fiat. Moreover, why should the government do so?

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