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Gold/Mining/Energy : Gold Price Monitor

GDXJ 109.23

+3.7%

Nov 28 4:00 PM EST

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To: marek_wojna who wrote (66625)	3/28/2001 7:48:30 AM
From: Richard Mazzarella	Read Replies (2) of 116788

marek, I recently saw a message board post making fun of any real ability to return to a gold standard. The poster pointed out that just the US national debt couldn't be covered by the available gold and gold reserves at $300/oz. That left me wondering if gold $5000/oz would be sufficient? Probably. Your case using the past predictions for the Dow and NASDAQ have merit and are valid. Speculative excesses have and always will occur. Can people return again to gold? Good point. Got Gold?

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