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To: Hawkmoon who wrote (54970)	6/23/2000 10:04:00 AM
From: long-gone	Respond to of 116753

<<Assuming that the physical gold has not actually been leased, >> Why do you assume this? Without an audit there is no proof. <<I personally believe that all of the gold that is supposed to be in Ft. Knox, is still there, despite Richard and Dougie's X-file beliefs to the contrary. >> What of the US gold reserves below the Federal Reserve of NY, the gold reserves at the rest of the US locations? & why were the gold reserves that were held by other countries below the Federal Reserve when shipped outside to US companies NOT listed as "imports" for balance of trade figures?

To: Hawkmoon who wrote (54970)	6/23/2000 10:04:00 AM
From: LLCF	Respond to of 116753

<Assuming that the physical gold has not actually been leased, but only a paper proxy created that is interest bearing, the purchaser of said Fiat gold certificate could buy the gold outright from the CB and drastically increase the supply of physical gold on the market.> If "ifs and buts" were candy and nuts we'd all have a hell of a christmas. DAK

To: Hawkmoon who wrote (54970)	6/23/2000 10:06:00 AM
From: long-gone	Read Replies (1) \| Respond to of 116753

<<This is really pretty stupid on their part, as they are walking with one leg in the past, and one in the present/future, and can't quite bring themselves to sell all of their gold. >> This is only your (backward) opinion. The winner of the Nobel Prize in Economics last year does not agree.

To: Hawkmoon who wrote (54970)	6/23/2000 9:34:00 PM
From: d:oug	Respond to of 116753

Ron, Below is a cut and paste of your post today. Wonder I do what would happen if submitted for review, what would be determined, of the 4... 1. ok 2. good 3. great 4. trash journalism ... the gold standard dictated that economic growth could only occur if more gold was discovered, seized, or revalued upward. And it unjustly rewarded those economies that, while possessing large gold resources due to geology, pursued poor economic policies as a result of such "natural wealth".....Regards, Ron