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


To: Enigma who wrote (37309)7/18/1999 4:41:00 PM
From: Edmund Lee  Read Replies (2) | Respond to of 116764
 
The following quote will explain .....
In the United States both Robert Rubin and Alan Greenspan testified in opposition to gold sales before the House Banking Committee in May. Mr. Greenspan said "Gold still represents the ultimate form of payment in the world. Fiat money in extremis is accepted by nobody. Gold is always accepted and is perceived to be an element of stability in the currency and in the ultimate value of a currency."
As for myself, if my tenent cannot pay me cash for rent, I don't mind to have a few gold coins instead. Just don't pay me in blocks of copper or cans of gasoline.