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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: Investor-ex! who wrote (34372)	5/23/1999 5:04:00 AM
From: Zardoz	Read Replies (3) of 116764

"The price of gold is bounded by its cost of extraction on one end and the viability of the global debt-based monetary system on the other." "... even the merest hint that the Y2k rollover will cause undue stress to the monetary system ... , the de facto owners will most likely wish to take actual physical possession of the metal prior to the rollover if they have not already done so." Or gold is bounded by its cost of extraction on one end and the amount people are willing to over pay for it on the other. Currencies have gone defunct many times before. To assume that all currencies will surrender and gold would shine is to assume that your government would allow it's system of debt-based money to default. If that is the case in USA, forget about gold, go straight for the guns! But let's assume that your explaination is what is holding gold up. Where do you think it'll be after Y2K, or if Euroland failed, and USA doesn't. Even in the ABSOLUTE WORST CASE SCENARIO of markets breakdowns, and debt defaults. Don't you think that USA would jump to a 'NON-TRANSFERENCE of GOLD ASSETS PROHIBITION LAW' Guns & Butter, GOLD & Wheat Remember economics 101

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