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

To: Hawkmoon who wrote (67316)	4/8/2001 1:19:04 AM
From: Claude Cormier	Read Replies (1) \| Respond to of 116764

<So the rate of economic growth in a nation should be dependent upon the amount of gold they have?> In the end yes. Simply because gold is the most stable medium of exchange over the long term. <Why is it so wrong with having the value of a nation's Fiat currency reflecting its economic status, as well as its legal and financial transparency? > You got your answer in the current status of the USD, an overowned, overvalued currency with collapsing collateral values (stocks). That transparency you are sugesting cause the balance sheet of US corporations and individuals to deteriorate greatly in the 1990's. Basically, an iresponsible credit expansion has allow an explosion debt at allo levels at the expense of savings. <The truth is that foreign currencies are weakening against both the USD and the POG. > They say that perception is everything. The so-called new era paradigmn and the gold carry trade are two reasons why the USD has performed so well and gold has done so poorly. <And this reflects their over dependence upon US markets to prop up their economic numbers. Once they restructure their internal economies and their property and investing laws, they will see investors move capital into their economies.> This is true of course, but not the only factors. By itself, it does not justify exhange rates of AUD $0.48, CAD $0.63 and others. Sincerely.