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

To: lorne who wrote (47396)	1/23/2000 7:47:00 PM
From: lorne	Respond to of 116791

Feds trace trader's spending along his trail of gold " Martin A. Armstrong, 50, who has pleaded innocent to charges he ran a $1 billion international securities swindle from offices at Carnegie Center, purchased a fortune in gold Krugerrands, gold bars and gold coins -- even a gold wreath." Full story >>> nj.com

To: lorne who wrote (47396)	1/23/2000 8:44:00 PM
From: Alex	Read Replies (1) \| Respond to of 116791

Engineering the gold price Science, and in the real world math is used by mankind to strictly describe nature as objectively as possible. Certain laws much be obeyed and these laws allow the mathematician to model; write an equation that is as close as humanly possible to describe a function of nature. In the beginning a student of integral calculus is taught to look at the upper and lower boundaries in the physical universe. That is a quantity that does not exist; that is zero , to a quantity that cannot be defined exactly that is; infinity. The equation is integrated between these two extremes to determine what the system response will be under all circumstances. Certainly it is obvious that from nothing to everything all known possibilities are covered. How can this possibly help us to determine the price of gold? Well, first some elementary physics. A troy ounce of gold has the same mass anywhere in the entire universe. That is an unchanging objective truth that no one, not even central bankers can change. However, a "dollar" (read Federal reserve note) has an upper limit that is not a strictly held value. The number on a piece of paper can literally be moved so close to infinity that for all practical purposes it is infinite. The rentenmark is an example of the limit of paper money. This is the bankers secret dream however, to create all the money in the world thereby controlling the world. However it cannot be done all at once and must be loaned into the system so that the borrowers indeed think they are participating in this ownership. So if we go back to our basic integral, we find that the function (the price of gold) integrated over time, between zero and infinity, the price could become infinite in paper money terms. Specifically, something of real value, throughout the universe forever (gold), divided by something that is so plentiful that it's value approaches zero (paper money supply ). As most third graders of my generation know, a real number divided by zero equals infinity, or cannot be done. Therefore the price of gold approaches infinity in paper money terms. However the irony is the ounce of gold does not change at all, it is still the same throughout the universe forever and ever! This paper money price of gold can change however, if the function is redefined, for example central banks stop all credit expansion or reverse it. Prior to the hyperinflation of Weimar Germany a bellhop was given a gold coin as a tip. He saved this coin (Gersham's law) and continued about his business. During the worst of the hyperinflation this same bellhop bought the entire hotel at which he was once employed, for that same gold coin he had saved earlier. Will it ever happen again, probably not, the next time entire blocks of hotels might be purchased. metro.net