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

To: tshane who wrote (6542)	6/18/1999 6:04:00 AM
From: d:oug	Read Replies (1) \| Respond to of 82007

RAJ, well then its back to the gold standard with all its problems. Might I suggest to Ron that he read some of the below ? water water everywhere, but not a drop to drink (from either Moby Dick or Ancient Mariner story book) words words everywhere, but not a clue for Ron cato.org THE GOLD STANDARD: AN ANALYSIS OF SOME RECENT PROPOSALS By Joseph T. Salerno, assistant professor of economics, Rutgers University The case for a free-market commodity money as provided by a genuine gold standard is simple yet .... +++++++++++++++++++++++++++++++++++++++++++++++++++++++++++ lpnn.com How Gold Was Money & How Gold Could Be Money Again by Richard H. Timberlake This article was taken from the April 1995 issue of The Freeman Ideas on Liberty which is published by The Foundation for Economic Education. 1. Gold and Silver: The Money of the Constitution Students, scholars, and some curious people who occasionally stray into the text of the U.S. Constitution are properly puzzled ............... +++++++++++++++++++++++++++++++++++++++++++++++++++++++++++ lpnn.com How to Return to the Gold Standard by Bettina Bien Greaves This article was taken from the November 1995 issue of The Freeman Ideas on Liberty, which is published by The Foundation for Economic Education. There is no reason, technically or economically, why the world today, even with its countless wide-ranging and complex commercial transactions, could not return to the gold standard and operate with gold money. The .................... +++++++++++++++++++++++++++++++++++++++++++++++++++++++++++ ***** WARNING ***** The following could be an April Fools Joke +++++++++++++++++++++++++++++++++++++++++++++++++++++++++++ biz.yahoo.com Georgian Bancorp's Moneta sets the New Gold Standard for the New Wired World NEWMARKET, Ontario--(BUSINESS WIRE)--April 22, 1999-- Georgian Bancorp announced today that its wholly owned subsidiary, Moneta Bancorp Inc., has launched a revolutionary new gold-backed product called the ''Moneta'' on the Internet. This new product is offered through the Moneta Bancorp website at www.goldmoneta.com. ''Far from being just another investment, the distribution of Monetas via the Internet marks the most significant development in gold since the abolishment of the gold standard itself,'' said Mr. Sinclair M. Stevens, Chairman of Georgian Bancorp. ''Our Moneta allows individuals to buy, hold, and trade a financial instrument that is directly related to the strike price of gold. Using the incredible power and breadth of the Internet, Moneta Bancorp is bringing gold out of the dark-ages and into the new enlightened global economy.'' Mr. Stevens added. The Moneta is technically a ''receipt for gold'' that is ''deliverable by Moneta Bancorp to the bearer upon demand''. The gold is held in trust with the Royal Canadian Mint, an agency of the Canadian Government in Ottawa. One hundred Monetas entitle the bearer to one ounce of gold. Monetas are sold at the current strike price plus a small fee (ranging from 1% to 4% depending on the quantity purchased). The company is able to preserve such low costs due in part to the buying power of the Royal Canadian Mint, and in part to the power and efficiency of the Internet. Complete information--including the rationale behind the gold-backed Moneta--is available on the company's website ( www.goldmoneta.com). In the coming weeks, people will be able to buy and sell Monetas directly online, thanks to a fully secure e-commerce application being developed by IBM (IBM). ''The move to e-commercialize Monetas is the critical step in bringing gold's 5000 year legacy of strength and stability to the emerging global e-marketplace'' Mr. Stevens suggests. ''As governments and economies wrestle with Y2K, political unrest, shifting paradigms, and even a potential war in Europe, unstable fiat currencies could wreak havoc globally, and substantially hinder individual consumer buying power. Monetas, on the other hand, give individual consumers around the world the buying power of gold--in a versatile electronic form! Whether it be buying books from Amazon.com (AMZN), making successful bids on eBay (EBAY), or executing stock transactions on Ameritrade (AMTD), future webuyers from around the globe will have a common standard to relate to--the new gold standard for the new wired world.'' Gold is the constant: a truism echoed by economists everywhere. Unlike Fiat currencies--borne from the Bretton Woods agreement signed in 1946 atop 'Mount Deception' in New Hampshire and subject to the whims of a myriad of variables--Monetas are simple receipts for gold. Monetas can exist either as a paper or electronic certificate representing an exact quantity of physical gold itself, still the most endearing financial instrument ever discovered. Moneta Bancorp simply takes the best of 5000 years of history and updates it with the exciting possibilities of the emerging Internet-based world economy. Moneta Bancorp Inc. is building a market in Monetas, providing a bid and ask for each Moneta related to the current gold price fix in London England. Moneta Bancorp is marketing Monetas directly online as both a defensive investment against potential Y2K problems and as a universal gold-backed Internet currency for use in global e-commerce.