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To: Hawkmoon who wrote (37719)	7/24/1999 6:03:00 PM
From: Ahda	Respond to of 116764

i cant answer this question i know ahhaha could. The period here was of a dollar of value silver certificates tied to actual value held in the government vaults. We have done away with actual value of tied to vault and opted for ease of growth and tied to gnp we have in a way reduced the roll of solid asset nation which might not be good. I see neither as right answer but combination of both that roll of gold played safety as that inturn was backing the currency one complimented the other. I cannot properly apply your statement due to pegging but if i think korea probably gold tho i would probably advise art and unique which cannot lose value . I am thinking that people have got to be adept the way we are running this damn world now . Thinking it is wrong too and gold should be still the average man security and we will hurt middle to much. Did i make sense?

To: Hawkmoon who wrote (37719)	7/24/1999 8:05:00 PM
From: Jim S	Read Replies (1) \| Respond to of 116764

You're a sly one, Ron. <vbg> The question (which I can't answer) is whether other countries also held a set currency/gold ratio for their money. It all goes back to our prior discussions of value vs need (where you trounced me -- I want a rematch!) for currency "worth." If gold prices "floated" in terms of other currencies, then gold was the center of value during the depression. But, if other countries, like us, tried to tie POG to a set exchange rate, then the value of the dollar was constant (like the other currencies) and had no more nor less value than any other currency, and the deflation was "real" in terms of "who gets to starve the most." In either event, I doubt that farmers anywhere in the world would accept Treasury Notes for corn. They wanted something they KNEW they could exchange for other necessities, be it silver, gold, or silver certificates. Now here's the point where I get confused: under today's system of every currency being valued relative to every other currency, what is a pound of pork's "value" in terms of yen, baht, rubles, or whatever? So, you sly dog, if '29 and '99 should happen to be comparable times, what should a farmer take in exchange for a bushel of corn? Yen? Euros? Quarts of oil? You are a mind bender, Ron. You can sure stimulate the idea generators! So, Take that! Hang tough, amigo, jim