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Gold/Mining/Energy : Gold Price Monitor

GDXJ 120.00

+2.0%

Dec 22 4:00 PM EST

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To: Don Lloyd who wrote (84480)	4/17/2002 10:23:48 AM
From: The Barracuda™	Read Replies (1) of 116822

I've come to the conclusion that no paper currency can be backed by gold permanently. The gold backing will be valueless until its needed, but the need will be caused by improper govt. behavior which will lesson the likelihood that the currency will be redeemed The US dollar was backed by gold (sorta) until Roosevelt repudiated it. The only way to look at currency is as a 3 party association, not as a contact. 1st the govt. issuing the stuff<< inflate or deflate 2nd some entity somewhere that will be willing and able to accept the stuff<< in prison cigarettes, not currency have value those two have an implied and unenforceable obligation to you, the currency holder. Gold can be used as a mine canary as any currency is a derivative, at best

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