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Gold/Mining/Energy : Gold Price Monitor

GDXJ 93.98

+0.6%

Nov 21 4:00 PM EST

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To: Hawkmoon who wrote (26957)	1/25/1999 11:33:00 AM
From: lorne	Read Replies (3) of 116764

Hello Ron, You said >>>Should a gov't fiat money fail, holder's of that currency will sell it and buy currency from another gov't they consider more credible. Should that currency also fail, they will then transfer their wealth to the next currency of strength (hopefully the Dollar). When that fails, they will transfer to gold. When that fails, they will transfer to actual commodities and foodstuff and "Katie bar the door".<<< I don't understand why you say the world should trash Gold it appears to me from what you say that Gold may very well be our last hope. Seems to me its like ripping the crap out of your life jacket before you go boating so if you fall overboard that pesky lifejacket wont interfere with your death. Why can't all the CB brains figure out a way to make use of the value of gold and prevent the collapse of paper currency. Take care Lorne

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