Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: Zardoz who wrote (57310)	8/14/2000 1:39:43 PM
From: long-gone	Respond to of 116922

-------------------------------------------------------------------------------- Why the currency straitjacket won't fit all Special report: Economic and Monetary Union Bryan Gould Monday August 14, 2000 Europe has been the most important fault line in British politics in my political lifetime. The debate over the euro seems sure to deliver further seismic shocks and threatens again to redraw the political dividing line. Little wonder, then, that both the prime minister and chancellor are trying - Canute-like - to delay the inevitable. The attempt to head off the debate is partly motivated no doubt by the desire to avoid open warfare among cabinet colleagues. But there must also be the suspicion that the prime minister sees debate as a distraction from the real task of bringing an unwilling public to endorse a government decision not yet announced but already taken. Yet the debate is not only unavoidable. It is now urgently needed. It makes no sense to take (cont) guardianunlimited.co.uk

To: Zardoz who wrote (57310)	8/14/2000 3:01:36 PM
From: Enigma	Read Replies (2) \| Respond to of 116922

Yes but it's an important distinction. Also to say that gold is subsidised because the CBs don't step up and sell all their gold - or more of it - ignores the fact that the situation hasn't changed essentially for decades. In the early 80s when gold soared the CBs owned it and have owned it before and ever since. If the CBs were, in theory, able to sell all their gold, and it has to be theoretical because it isn't practical they would lose control of an alternative to paper currency - also gold has been a currency of last resort - used for loans between countries.