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

To: long-gone who wrote (36968)	7/11/1999 12:06:00 AM
From: Hawkmoon	Read Replies (1) \| Respond to of 116764

You are very quick to forget the many industrial and medical uses which grow each day, and often there are no substitutes and the greatest single source of gold loss. btw people are buying gold coins at a record rate. And Richard, you are too quick to tell me what you think I'm quick to forget about. Maybe you have forgotten about how many industries might find a use for gold were it only inexpensive enough to justify using. Keeping gold supplies locked up and unaccessible to the public market for the metal artificially jacks up its cost. I'm telling you and anyone else who believes that gold should fully back paper currency, you are setting the stage for complete and global nationalization and confiscation of gold. The Federal Reserve has sole authority to print and coin currency. That means it controls the means of manufacturing and printing. If gold becomes equivalent to currency, the Fed has EVERY LEGAL RIGHT to control gold. That means nationalization of the industry and an incredible waste of national economic resources trying to locate and exploit all possible reserves. Better to let the CBs sell it off so folks like us can buy it dirt cheap, control it, stash it in safety deposit boxes or hidden caches. And Richard, don't tell me what I'm thinking. I already know, I assure you. Regards, Ron