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Politics : Dutch Central Bank Sale Announcement Imminent? -- Ignore unavailable to you. Want to Upgrade?

To: long-gone who wrote (6346)	6/14/1999 5:34:00 PM
From: Hawkmoon	Read Replies (4) \| Respond to of 81943

It is not just me, it is history, scarcity, Alan Greenspan and over half the people on earth understand the value of gold Tell me Richard. What would frighten Alan Greenspan more?? Suddenly discovering there was a sudden shortage of oil or a sudden shortage of gold?? I think people understand the value of something that provides the energy to operate their machines, is manufactured into useful products, or feeds their children. Any of those commodities are worth far more than a shiny yellow metal when people are facing economic hard times. I have never suggested a subsidy. I just don't like it when those who may be short gold are advising (paying off?) those selling. Is this not subsidizing the shorts? You don't have to suggest. You are blatantly stating that the CBs should purchase the gold that is mined and then store it at gov't expense. Instead of that gold being mined and sold into the public market according to a supply demand equation, you are demanding that CBs buy it from the miners and store it at gov't expense in order to back the nation's currency with a gold standard. THAT IS A SUBSIDY. And impugning my patriotism because I don't believe in a gold standard is pretty disgusting. In fact, I consider myself MORE PATRIOTIC since I believe in the inherent strength and principles of this country and its people and beleive that belief is a far better guage of what our currency should be worth. The US dollar is sound because its principles remain sound. Lose those principles and just what indicator will stare us in the face and remind us not to stray off course?? Gold?? Not hardly. Gold is a transnational commodity which was used in the past to facilitate international trade. It was utilized as a monetary crutch before other mechanisms became available to maintain a standard of conversion between different currencies. Its time has passed and it is a inflexible standard to peg currency conversions to. So you are no better than those pork-barrel special interests looking for tobbacco or agricultural subsidies. In fact, were it not for the CBs, the gold mining industry wouldn't have nearly the pricing power that it currently possesses. So can we claim that all goldbugs are, in fact, closet socialists dependent on nuzzling up to the gov't money teat?? Quite possibly....<VBG> So Richard... tell me how gold is NOT being subsidized by the CBs monopoly control of so much gold. You aren't a socialist, are you?? You don't believe in outright subsidization of an entire industry, do you?? Tell me Richard... is it right to make the gov't buy up all of that gold??