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Pastimes : Clown-Free Zone... sorry, no clowns allowed
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To: yard_man who wrote (75686)3/6/2001 11:41:12 AM
From: Mark Adams  Read Replies (2) of 436258
 
A great link from the GPM thread; The Fed article describes the production inefficiencies resulting from mining gold while above ground stocks lie fallow.

If you have not read Dale Hendersons (FRB) articles on gold, you should. This one written in 1997 comes to the conclusion that that it is in the governments best interests to lease all gold as soon as possible to maximize government revenue.

federalreserve.gov

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