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To: parcival who wrote (80400)	3/14/2001 3:57:12 PM
From: pater tenebrarum	Respond to of 436258

oh that..it is an innovative idea, but suggests a 'fixing' of the gold price, which sounds to me too socialistic. imo the world's fiat currencies will devalue against gold anyway eventually, as confidence sags further.

To: parcival who wrote (80400)	3/14/2001 4:30:58 PM
From: Sunny Jim	Read Replies (2) \| Respond to of 436258

I'm curious, how does a country devalue their currency against gold? If you devalue it against gold, you are going to devalue it against everything else aren't you, so why specify gold? There sure are a lot of theories on gold and currencies and how countries should do this or that, and in the end gold will be the victor and all the gold bugs get rich and say how smart they were. Don't get me wrong I've got a pot full of NEM and have suffered the ups and downs waiting for the great gold rally for over a year. I guess i'm finally starting to get a bit cynical.