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

To: goldsheet who wrote (56131)	7/12/2000 6:29:31 PM
From: Alex	Read Replies (2) \| Respond to of 116816

<<"The last day of the second quarter was almost the perfect time to be rich. Almost, but not quite. A traditional, wealth-preserving monetary point of view was missing from the marketplace of ideas. In not one country featured in a Financial Times news article on a currency-related topic was there any sign of a functioning hard-money constituency. There was not a single allusion to the risks presented to the value of managed currencies by the kind of cozy producers' cartel that, in other settings, Janet Reno's Justice Department could be expected to try to stamp out. On the contrary, there was every indication of unconditional faith in a monetary system characterized by a great power financing a record current-account deficit with vast emissions of its own currency. The thesis of this full- length feature is that misplaced confidence in the dollar-centered monetary system will provide the impetus for the start of a new cycle in international monetary affairs.">> grantspub.com