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To: pater tenebrarum who wrote (3690)	7/13/2000 5:51:45 PM
From: UnBelievable	Read Replies (1) \| Respond to of 436258

What Do You Expect From Someone Who Owns Gold

To: pater tenebrarum who wrote (3690)	7/13/2000 6:06:42 PM
From: Archie Meeties	Read Replies (1) \| Respond to of 436258

He could have turned the physical gold into jewelry for his wife. It's sometimes a poor reflection of a woman's beauty, but it's a start. Unless we get a controlled burn, paper gold will struggle to keep up with the real thing, just like in Sept 99 when the XAU limped behind real gold. The most difficult thing for many who are curious about gold to grasp is that the very forces which could really set gold ablaze are also forces that make paper gold less secure than the real thing. Imagine if the usd did unravel. What would happen to Myth's pesos? If the dollar took a 20% hit, the peso would start heading to zero. Overnight the cost of mining in Mexico would more than outrun the increased revenue from higher silver. Miners who operate in dollar-linked economies (that's most of them) would be stumbling over ways to try to stop mining, so that their companies would be valued only on their reserves, however unprofitable to mine at the time. Only when we pass through the period of burning fiat will paper gold once again have a chance.