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To: John Pitera who wrote (98428)	4/28/2001 12:13:42 AM
From: frankw1900	Read Replies (2) \| Respond to of 436258

Where have you been hanging out? always have enough gold to bribe the boarder guard........ Where do they not take US$s? I turned my crank because of your mention of money carrying an "obligation." People have expectations on Wall St and Main St that money will buy tomorrow what it buys today. Too much or too little of the stuff and the expectations go to hell. As long as the amount of money is kept in some bounds between too much or too little nobody cares if we use gold or pecans or bits in a computer. The sovereign has an obligation and that's what's wrong with gold - there's not enough of it. At one time the sovereign did place his obligation on gold and wound up clipping the coinage - had to do that - not enough gold. Gold doesn't carry an obligation because it's, quantitatively, not good enough money. Even if Greenspan manages not to trash the dollar, it won't stop him and the other central bankers from trashing gold because it's lousy money - there's not enough of it. It's not particularly useful even if they're being honest. (That lawsuit isn't going anywhere - that's like complaining about being ripped off while you're inside the casino) If inflation takes off, the scarcity of gold will work for an investor, along with some other commodities and antiques. By the way, would producers sell forward if they expect the price to go up any time soon? Cheers