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

To: Enigma who wrote (37285)	7/18/1999 11:18:00 AM
From: Rarebird	Read Replies (2) \| Respond to of 116764

< Please give an example in ordinary, day to day, life where gold is used as a currency in 1999.> The dollar Gold price is an exchange rate. That is to say, Gold is traded daily as a currency. It's lease or interest rate, insofar as it is higher than the Yen, is revealing the fragility of Japan's economy. The Gold Carry Trade pays homage to Gold as a currency. What do you mean by "ordinary?" The financial markets treat Gold as a currency at every moment during the trading day. Gold Bears, like Ron, would like to see Gold completely eliminated as a currency because their petrified of its power during periods of global financial crisis. Moreover, I think that Ron( and Hutch) has a much better understanding of the nature and function of Gold than most of the Gold Bugs on this thread. I find Ron excessively over-confident in the CB's of the World, as Divine Mechanics, to quickly fix any malfunctioning of the global economic system. I also find him to represent "Irrational Exuberance" to the extreme. I think if you read what he says carefully- though it is usually politically incorrect for a thread like this- he has said that he would buy gold if the conditions warranted it. If that makes me politically incorrect or unpopular, so be it. I'm not as sensitive as Hutch. I couldn't care less. I'm only interested in the quality of ideas presented here. I don't need to agree with someone in order to learn from them or respect them. I'll leave the personal attacks for others who have nothing better to do.

To: Enigma who wrote (37285)	7/18/1999 8:16:00 PM
From: long-gone	Read Replies (2) \| Respond to of 116764

<<Curious to know why you refer to gold as currency? Please give an example in ordinary, day to day, life where gold is used as a currency in 1999. >> There are other places in Denver, but here you go. During a recent trip to Boulder H.H. The Dalli Lama played the "when in Rome" thing and ate here(yes, I was shocked he had buffalo), and commented on the gold balance near the register. Sam(the owner) claimed people still pay for meals with gold dust or small nuggets. The restaurant was also part of the papal visit of 1993 to greater Denver & hosted a "state dinner" for the Summit of Eight" in Denver. thefort.com This award winning restaurant, located in Southwest Denver, is one of the nation's most recognized establishments and #1 in serving buffalo. The Fort and its owner, Sam Arnold (noted author, historian and entrepreneur), have been featured in local and national publications such as the New York Times, Sunset, Bon Appetit and Modern Maturity (for reviews of the Fort, click here). For some of the Fort's famous recipes, click here! Good enough? btw, do you think it chaped the butts of the Summit of Eight types to know this place still accepted gold as money?