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

To: d:oug who wrote (67080)	4/5/2001 1:35:28 PM
From: goldsheet	Read Replies (2) \| Respond to of 116764

Semantics: I attached different weightings to his use of the words if" and "may" as in: IF gold rises, then bullion banks MAY get into trouble, then MAY need to be bailed out by the FED. One can describe many risk situations in similar terms as in: IF if rains heavily, then those living in a flood plain MAY get flooded, then MAY need to be bailed out by FEMA. These are all statistical probabilities, not facts. > part 1 - a stable and safe fiat currency needs a gold standard I think fiat currency would be greatly helped by a gold standard, a gold exchange standard, a bimetallic standard, or by anything else that prevents governments from printing money. The probability of it happening, however, remains low. > part 2 - the "world's" physical gold supply is now at risk Everything in life is risk. The question is always how much risk and who is willing to take it. The whole point of futures markets, hedging, and insurance is to control risk. If the bullion banks get into trouble, let them go under, don't bail them out. I think the probablity of this happening is lower than you do, a simple difference of opinion. > potentially ruinous if the price of gold should soar IF Being able to worry about gold prices soaring is something we have all wished would happen, but so far it's been way too many false starts. Someday ...... Good luck with you investments.