Pacific Rim Mining V.PFG Message Board

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Gold/Mining/Energy : Pacific Rim Mining V.PFG

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To: Natedog who wrote (14128)	1/28/2001 2:50:52 AM
From: Elizabeth Andrews	Read Replies (2) of 14627

The US$ is the favorite currency because those countries that buy it have no gold to monetize. Think about it you moron. If gold is money it has to have a yield because whomever uses it has to pay for it. That's what leasing is all about, turning gold into money. Gold bugs think gold has no price but its price is what it earns. The central banks that have figured this out are laughing. Right now the system is unbalanced and the USA is using more resources, net of productivity, than it is creating. This can't last and the US$ has to depreciate somewhat and gold in US$ will go up. The USA is using more than it is producing. Result? Duh?

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