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

To: Hawkmoon who wrote (57242)	8/13/2000 2:36:46 AM
From: Zardoz	Read Replies (5) \| Respond to of 116914

I concur with that answer Ron. In fact a fiscally sound country doesn't need gold to back its currency. Hutch

To: Hawkmoon who wrote (57242)	8/13/2000 9:17:25 AM
From: long-gone	Respond to of 116914

<<How much of the world's gold supply is held in the vaults of Central Banks and not available in the physical market?>> Actually when one looks at the difference in contract terms allowed between the precious metals & the other commodities the inverse can be understood.

To: Hawkmoon who wrote (57242)	8/13/2000 9:28:55 AM
From: Enigma	Respond to of 116914

Sounds more like sophistry to me. What's new about this situation - the only new thing about it is that it suits a specious argument. Lest you forget: gold.org

To: Hawkmoon who wrote (57242)	8/16/2000 6:41:29 AM
From: long-gone	Read Replies (1) \| Respond to of 116914

<<How much of the world's gold supply is held in the vaults of Central Banks and not available in the physical market? Sounds like a subsidy to me.>> Only if you are correct when you say gold has no place in any monetary system. If you are wrong & gold is a form of money - be it the last word in currency exchange as contended by Greenspan or simply another of the world's currencies - we can only know this in retrospect. This can only be known as true from the 20-20 vision of history. If you are right & gold has no place, what so ever, in the monetary system of the world then we will only know it after all governments are out of the gold market entirely - no minting, no holdings, no futures trading no further actions in gold by any government of the world. Only after the last ounce has been sold or returned to the people & the gold market has become fully open in regard to all actions by any government, can we know if the holdings of gold were a "subsidy" or not. Then if you were wrong, those few which will hold the physical gold will be right & those who mine gold will have the keys to all future money. Those who extracted the sale of US gold reserves will be viewed as guilty of the worst treason in all of history.