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Gold/Mining/Energy : Gold Price Monitor

GDXJ 106.98

+0.2%

Dec 4 4:00 PM EST

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To: Hawkmoon who wrote (27705)	2/4/1999 9:35:00 PM
From: Mark Bartlett	Read Replies (2) of 116796

Ron, <<Of course, this is probably one of reasons they emphasized gold when the constitution was penned. They weren't disciplined enough to prevent unbridled printing of currency by any bank that wanted to. >> Nor are they now. <<I don't why can't think this out and at least recognize that gold is no guarantee of anything. It can be confiscated, or the banks can manipulate it up and down.>> There is no better way IMO to undermine fiat then to "confiscate" and "undermine" gold. In both cases it is just one more admission the system is in trouble. Taking away the barometer does now make the air pressure go away. <<I still wonder what will happen when people start selling their hoarded gold, either to raise to buy goods with in a Y2K disruption, or as a result of few severe disruptions from it (let us pray).>> Have you ever thought what may happen if all of the electronic trades that we all take for granted now, were suddenly thrown into chaos.... who own what and how much .... and what if you could not sort out the mess? Electrons are hard to count ... gold is relatively simple in comparison. <<You think gold's price is depressed now, you had better pray that Y2K is somewhat serious enough to give gold a raison d'etre.. >> The greed, stupidity and avarice of man ... as durable a quality as gold itself, gives me all the reason I need to hold a little gold. MB

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