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To: Rarebird who wrote (40789)	6/20/2000 9:06:00 AM
From: Crimson Ghost	Read Replies (2) \| Respond to of 42523

Rarebird: I have concluded that the key to gold's future is one simple question -- does gold still have a role to play in the monetary system or has it been relegated to the status of just another commodity? If the former, a huge rally is just a matter of time given the abuses of fiat in recent years and the probability of great economic and financial turbulence going forward. But if gold now is just another commodity then a real bull is a long ways off given the big stockpiles sitting in CB vaults.

To: Rarebird who wrote (40789)	6/20/2000 9:17:00 AM
From: pater tenebrarum	Read Replies (2) \| Respond to of 42523

RB, i feel the same way about this...one day, gold will be coming back into fashion, but right now it looks just about as hopeless as it gets. US private sector debt expansion during Q1 was a real whopper btw. interestingly, the NY securities houses were the ones increasing their debt load the most - presumably to keep the stock market from falling out of bed...they went on a veritable buying spree. it seems with the Fed out of the way, the credit bubble is on its way to expand further...if ever a recession hits the US again, the enormous private sector debt load will crush the economy. oh yes, the trade deficit over $30 bn. again....don't worry, be happy :)