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

To: Jim S who wrote (37126)	7/14/1999 1:00:00 PM
From: Bobby Yellin	Read Replies (3) \| Respond to of 116915

glad you clarified your post unlike before though..and a hope a student of history will correct me if I am wrong..this time is different big time..I think the central bankers might have believed that gold was a relic and with the rise in derivatives etc..there wasn't need for a something that wasn't printable to back currencies..people use the excuse that there wasn't enough gold to back the currencies..but gold could have been just one of the basket of commodities to prevent the bankers from printing paper paper paper..gee I haven't read..lately I haven't looked..to see where all the money is coming from that the Japanese government is printing..to stimulate their economy... anyways..now I think Rubin and Greenspan and Japan's attempt at exporting itself out of recession by loaning money for nothing are at the mercy of the financial types who know they have created a brass butterfly ..the market is controlling Greenspan in my book and not the other way around.. in rubin's belief that (I am guessing) that if he could create stock market wealth...that would fuel the economy..certainly has made many filthy rich..but the people who don't have the money to invest or who are prudent and don't want any risk.. have been hurt so badly...even since companies have become so competitive to reward their shareholders and CEO's etc are now caught in the web..they have to keep prices low since they are competing against others with the same mentality... I just think that a basket of commodities would have prevented this excess speculation besides not allowing the central bankers to help create the feeding frenzy by supplying very cheap money through creating the ability for financial speculators to borrow money very cheaply through the goldcarry trade etc and blow apart more emerging countries