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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum
GLD 374.27-0.2%Nov 21 4:00 PM EST
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To: TobagoJack who wrote (20985)8/10/2007 1:11:21 AM
From: Maurice Winn  Read Replies (7) of 217981
 
TJ, although I am banned, I can't resist. 6 elephants can't fit into a phone box and 6 billion people can't fit into the little amount of gold that is available. <declare gold standard to save the world >

If 6 billion people and legions of companies, governments and other institutions try to use gold as a money gold standard, gold will have to go way above $2000 an ounce. I forget what I calculated, but maybe it was $10,000 an ounce.

People would make the Easter Island moai makers look like amateurs in the global frenzy to dig gold, filter it out of the oceans and conduct other ridiculous operations.

I am sure you think that that is precisely right and that that is what will inevitably happen [despite the future being unpredictable].

Meanwhile, there is quite a lot of fun in the financial markets now as financial relativity theorists get out their slide rules, calculators and spreadsheets and start conducting major financial manipulations.

Mqurice

Edit.... ElM claims I'm not banned, but I am. Proof being that I'm not posting. True, this is a breach of the ban, but it is hereby reinstated as punishment for breaching the ban.
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