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Gold/Mining/Energy : GMD RESOURCE

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To: Rick Seavey who wrote (436)	11/18/1997 1:14:00 PM
From: Richnorth	Read Replies (2) of 1030

Thanks to your posts, I am getting a better handle on investing/speculating on the junior golds. Please keep on posting and sharing. I am rather skeptical that an attempt is afoot to create a second world reserve currency (and possibly a third)in accordance with the Bretton Wood Master Plan of 1944 and that the currencies would be linked to gold. My reason for saying so is best summed up in the words of Alan Greenspan, the top honcho of the U.S. Feds: "The abandonment of the gold standard made it possible for the welfare statists (government bureaucrats) to use the banking system as an unlimited expansion of credit. In the absence of the gold standard, there is no way to protect savings from confiscation through inflation... Deficit spending is simply a scheme for the "hidden" confiscation of wealth. Gold stands in the way of this insidious process." Indeed, President delinked the U.S. dollar from gold in 1971 because any linkage to gold is incompatible with creating "money" out of thin air. IF ever the plan is eventually implemented, it would be difficult to see the bottom line for gold because the price of gold would be whatever the issuers of the new currencies, by common agreement, would like it to be.

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