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To: Zeev Hed who wrote (75196)	3/4/2001 4:42:32 PM
From: LLCF	Read Replies (1) \| Respond to of 436258

Actually whether one thinks gold would make a currency or not is actually irrelevant to it's value at the moment. NO ONE is going back on the gold standard. That said, gold still holds value as shown by it's prices and quotes world wide and will continue to do so, as it always has. It is currently in a bull market nearly everywhere on the planet except the U.S. [as is the U.S. dollar]... I expect the bull market to begin in U.S. dollars shortly, only time will tell. DAK

To: Zeev Hed who wrote (75196)	3/4/2001 10:07:30 PM
From: brightness00	Respond to of 436258

Zeev, IIRC, the correlation in pricing between Au and Pt is a lot stronger than either to the dollar over the past half century. Platinum has the potential to be a benchmark. However, Gold, IMHO, is a better benchmark because: (1) Pt has a rather specific industrial application, which may increase in the future if hydrocarbon fuel cells use it in the future; therefore more likely to be tied to the suppply and demand in one particular industry in the future instead of like gold, remaining a generic not very useful rare pure material serving as a mirror to the money supply itself (2) Gold is more widely held than platinum, hence less prone to manipulation. Price being determined by the transactions on the margins, the more participants in the market the more stable the market becomes. (3) existing CB reserve will further reduce the chance of speculative manipulation. All IMHO, of course.