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

To: d:oug who wrote (39377)	8/21/1999 8:13:00 PM
From: Rarebird	Read Replies (2) \| Respond to of 116856

< My message has always been for a gold standard to regulate the misuse, intended or not, of paper money. > It should come as no surprise that people who are more conservative minded, economically and fiscally speaking, are more friendly to Gold as a reserve asset to support their fiat currency. The enemies of Gold are the flaming radical liberals, like Clinton, who just want to spend, spend and spend more money without any fiscal constraint! Create more debt, print an endless stream of dollar bills that have no value anymore as inflation eats its value away! They will pay the piper here! Ultimately, he who owns the gold makes the rules. The CB's and Grizzly Gold Bears know it too. That's why they won't shut up. They know their days are numbered.

To: d:oug who wrote (39377)	8/21/1999 10:38:00 PM
From: Hawkmoon	Read Replies (2) \| Respond to of 116856

But where I and Ron differ is that history has showned me that when it comes to money and power there will always be persons that will attempt to crush anything in their way to obtain them. Doug, I don't differ with you. But the reality is that gold is being sold off by the CBs and the price pummeled in order to support the Fiat system and promote global monetary and economic growth that gold could not support. So let them demonetize gold and sell it all off. Average folks will still buy it for jewelry and comemorative coins, and one day should the financial system completely fall apart, the physical metal will be in the hands of the average joe instead of the buillion banks and big money. Where I apparently differ with so many is that I believe we should give the CB's the best shot possible towards promoting economic growth around the world. They may not be able to accomplish it fully and may ultimately fail completely. But the scientific and technological advancements can not ever be taken back, no matter how broken down the financial system becomes. So let gold go even lower and be sold off. It will then return to the hands from whom it was previously confiscated. And we won't have to pay much for the right to hold it. Regards, Ron