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Gold/Mining/Energy : Gold Price Monitor -- Ignore unavailable to you. Want to Upgrade?

To: Enigma who wrote (36320)	7/2/1999 9:03:00 AM
From: Hawkmoon	Read Replies (1) \| Respond to of 116759

You do understand I hope that a reserve asset does not mean it can be exchanged for the currency?? Actually, I don't. Just what was the reason that the US left the gold standard back in 1971? Was it because an inordinate amount of nations were demanding physical specie in exchange for the paper?? By its very name "demand note", doesn't that signify that gold will be exchanged for paper at a set rate upon demand. By your definition, a demand note would have no value, since reserves cannot be exchanged for the currency. You are certainly a glutton for punishment, DD. Everytime you choose to type your "thoughts" (using the term very loosely), you find yourself contradicting all logic or historical fact. And I don't mind calling you on your BS statements. If I'm out to lunch, then you must be on a starvation diet. Regards, Ron