Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: LLCF who wrote (53120)	5/22/2000 2:50:00 PM
From: long-gone	Read Replies (1) \| Respond to of 116762

Nearly 25 percent of U.S. banks lifted loan standards in past 3 months By Yochi J. Dreazen DOW JONES NEWSWIRES WASHINGTON, May 22 ? Amid growing uncertainty about the U.S. economic outlook, many banks (cont) msnbc.com

To: LLCF who wrote (53120)	5/22/2000 9:58:00 PM
From: Hawkmoon	Read Replies (2) \| Respond to of 116762

That doesn't make any sense to me... if announced gold would go to 1000 and we'd have plenty. And then what? How would the available gold mining production support the rate of global economic growth? Is there that much gold? It would require an all-out "Manhattan Project" style gold mining and production effort, probably outstripping the current efforts to explore for oil just to provide sufficient gold to permit normal economic growth to occur. We couldn't make business loans unless enough gold was available to cover the increase in money supply such debt would entail, regardless whether that debt would translate into later wealth by providing a new technology or service. I know you all fully understand what I'm saying. And I appreciate the fact that you think you're just "yanking my chain". But there are lots of people out there reading this exchange who don't realize that you're only kidding. Like all of those suckers who loaded up on Gold Eagles just before Y2K... P.T. Barnum's entourage... Regards, Ron