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Gold/Mining/Energy : Gold Price Monitor

GDXJ 97.68

+5.0%

4:00 PM EST

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To: d:oug who wrote (70681)	5/29/2001 11:08:30 PM
From: Fiscally Conservative	Read Replies (1) of 116753

Doug Should there ever again be a standardized global gold/currency exchange. What should the outcome be if the rate of gold production exceeded the growth rates of any or all given nations? Inversely,what would the outcome be should production decline. One would have to imagine a fixed rate of production or better a controlled rate of production so as not to create imbalences that would not offset GDP's;akin to printing fake bills but with the very real possibility of a massive scale flood on the market. Could all this be worked out fair and equitably? I would think not any more or less than current standards already in existence via currencies-with the main exception that each nature is responsible for their own currency. I only wonder about the EURO's stability when enough time laspes

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