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To: Ilaine who wrote (5493)7/2/2001 8:06:05 AM
From: TobagoJack  Respond to of 74559
 
Hi CB, <<Mundell speech>> I make a habit of doing a www.google.com search every-so-often on anything I am interested in, and something interesting never fails to pop up. Internet,, it is different than the telephone.

<<I wonder whether gold would be so attractive as a store of value in a stable world economy>>

No, it would not be.

<<... enforceable property rights ... the only way to keep what's yours is to horde it ... productive investments ... lose it ... steal it, or a corrupt government will confiscate it.>>

Happens in the US too, just not as regularly, and not always by the government, sometimes by Abby Jo types, sometimes by lawyers.

It was not so long ago when US folks cannot own gold. Not so long ago when shareholders had a utility company in California, and bondholders had a DowCorning. MSFT nearly bit the dust, and MO will probably bite it sooner rather than later, but not before Amazon or VerticalNet. Some people got caught voluntarily, others got caught. Maestro's printing of money catches everyone, in and out of the US.

<<In that utopian world, what need for gold?
But, you say, we don't live in utopia. True.>>

I will be adding to physical gold again soon, much like taking vitamin pills, but highly fondle-able.

Chugs, Jay