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To: Gary H who wrote (44375)	10/31/1999 2:05:00 AM
From: d:oug	Read Replies (1) \| Respond to of 116753

Ron Reece, is this what you have been telling this thread ? Thanks Gary H (Dougak) ========================================================= From: Gary H Sunday, Oct 31 1999 1:19AM ET Post by Friend of Another, October 30, 1999 usagold.com CHRIS POWELL, Secretary Gold Anti-Trust Action Committee Inc. ========================================================= Bill Murphy, Chairman Gold Anti Trust Action (GATA) gata.org Le Patron, Le Metropole Cafe lemetropolecafe.com ========================================================= Maybe Alen Greenspan just got this realization of what really is happening, and alls going to be ok, and pop & prick of bubble NOT needed. Somebody e-mail FOA's home telephone number so Alan can talk and get up to speed. ========================================================= FOA to replace Alan as next Fed RockingChairPerson. ========================================================= ... the Euro structure is heading toward using the free market to value physical gold. By holding gold as a "free reserve asset" and not an actual "currency- backing" asset, gold can be used in nation-to-nation trade settlement without damaging the money supply. In reality gold is reborn as the true world-class currency it always was, independent of government treasury issues. ... the need for an expanding digital currency to settle trade in this fast modern society is seen in the present demand for worthless fiat money. All our modern advances would fail if we continue to use only digital currency without a "wealth money" trading in the background. This is and was so because there is no method of separating "good currency inflation" from "bad currency inflation" based on modern advances. As such, a world reserve money based on the political needs of one society (the United States) was abused as it purchased a local lifestyle based on debt, not hard work and good thinking. Yes, a circulating "gold wealth money" will drive "fiat digital money" from circulation if they are denominated as the same. But by allowing them to "compete" in free trade, gold would complement the "good" expanding digital currencies that are based on true economic advances. ... our high-tech world has given modern digital currencies an intrinsic value that gold, trading in a gold standard, cannot represent today. As such digital currencies must trade against physical gold in a format of the "Old World" wealth currency it used to be held for. They cannot be locked to each other..... Allowing gold to seek its historic money use value in a free physical market, it retains its store-of-value function and use as an asset for some trade settlement, be it official international, commercial, or private. In this function it still holds its "honest weights and measures" use in evaluating national currencies. Of course it must regain a new natural money price level first, but after that every currency will be measured by the economy that its money represents to see if it is holding advancing productivity value by comparing it to gold. High-speed computer trade settlement and the bookkeeping that follows will still impart the need for digital currencies, but in this format they would be truly free to represent the economic dynamic of each nation. Even during a rising money supply, some currencies may advance in value....

To: Gary H who wrote (44375)	10/31/1999 8:31:00 AM
From: Enigma	Read Replies (2) \| Respond to of 116753

Manipulation, Gata, etc: Gata can't lose! - they see manipulation under every stone -and can always raise the war cry "Ah, you see it was manipulation!" Manipulation occurs every time there is government intervention on the currency front - or when the Fed changes rates, and, yes, when CBs change their policy re their gold holdings. For so long the CBs seemed to be on the list of great Satans according to Gata - but then, lo and behold, 15 CBs got together with their declaration on gold sales and leasing. So what do we have here? Manipulation is evil so long as it is perceived to be hurting gold - but OK if it has the contrary effect. Manipulation can be ignored on the currency and fiscal front - because, well, it isn't gold you know? As I say, Gata can't lose because of its selective vision. It can always find 'manipulation' of one sort or another lurking under a bush. The market has a way of balancing excesses - eg Ashanti and Cambior. d