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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: d:oug who wrote (57530)8/29/2000 5:29:38 PM
From: Hawkmoon  Read Replies (2) of 116763
 
In my opinion Richard and I are doing whats required when
a continuous War between Good & Evil has engulfed all of
mankind and womankind for all times recorded, and continues
to this day with all signs of no letup for the future.

Oh give me a break!!!

Or better yet, get a life Dougie.

Gold is certainly not some kind of gift from God... in case you have forgotten the golden calf fiasco?

The only value that Fiat money holds is its reflection of a nation's economic and political status. It if far more disciplining than some precious metal based financial system. Pursue bad economic policies (or ones that are worse than the global competition, and your currency will get trashed. Create a market that is corrupt and prejudiced against the free flow of capital, and investors will avoid your economy. Charge too much in taxes and capital will flow to other more favorable markets.

But let some tiny bassackward country suddenly discover a huge reserve of gold (or oil), and all of a sudden they get the respect of a global industrial power, or the ability to extort others who have accomplished far more, and possess a stronger economic foundation.

To believe in gold as a currency is to tie the unlimited potential and prosperity of mankind to a LIMITED golden slavemaster. Just as our current national energy policy has made us slaves to cultures that are far more aggressive and intolerant than ourselves.

Now if you think having your nation's fundamental stability made hostage to something that is dug or pumped up from the ground is for the good, then I would suggest that you have only to look in the mirror for you to find all evil the world can handle.

Climbing down from my soapbox.
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