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Gold/Mining/Energy : Gold Price Monitor

GDXJ 97.81

+0.9%

4:00 PM EST

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To: Zardoz who wrote (23718)	12/2/1998 10:59:00 AM
From: cAPSLOCK	Read Replies (1) of 116762

But it's the fiat currency that allows the transfer, and thus value in the metal. But not the other way around. Money can exist without gold, but gold has only limited trading power without money. There is not enough gold to go around. Oh Hutch! I have no disrespect for you, and I am glad to read your opinion as I lurk around here... but maybe you should read that last statement again. That is exactly what makes gold REAL money. Paper money is a representation of value. Metals are simply the most convenient place to actually STORE that value. Paper money is a promise. Metals are proof. It is either ignorance on one of our parts, or simply a difference of philosophy that makes us disagree on this issue. I feel pretty sure it is the second... cAPS

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