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To: Ilaine who wrote (6656)	8/4/2001 3:57:24 PM
From: Ilaine	Respond to of 74559

The amount of money J6P has in his retirement accounts is going up. Table 10: federalreserve.gov

To: Ilaine who wrote (6656)	8/4/2001 6:26:03 PM
From: Maurice Winn	Read Replies (1) \| Respond to of 74559

< The total amount of gold held by the United States Treasury is 261,557,123.164 fine troy ounces. At $268/ounce, that's a tad over $70 billion. fms.treas.gov U.S. currency outstanding is $555 billion. federalreserve.gov Ratio of US currency to US gold = 7.9 > CB, the ratio of USA stock market capitalisation to Gold is a lot more than that. Gold is a minor anachronism. eGold is absurd. eStocks is a better currency. Shares in companies is the best store of value. Trading shares in those companies is the best means of exchange. The value of humans is in the value of their production. So, when production falls, the value of humans goes down. When it goes up, the value of people goes up. There is nowhere to hide. Gold is not a hiding place - it's as vulnerable to the variables in human life as anything else. Sure, sometimes it will go up relative to other assets - that's the game Aztecs play. But always, the productive assets and value of people is rising. So shares are guaranteed winners in the long run. Gold is a guaranteed loser in the long run. The short run is too hard to call [for me anyway] so I stick with what I know will win longer term and anyway, I think will win in the short term too. Mq