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

To: marcos who wrote (79486)	11/20/2001 11:22:21 PM
From: d:oug	Read Replies (1) \| Respond to of 116753

Not sure if i agree or disagree with you marcos, but since you signed off with ;-) rather than your name it may not matter if i agree or not, or even understand what i'm talking about or not, especially as you can tell, i'm babbling as you expect me to :o) bBut you did make an interesting point, the type EC has the ability to post with great a-bun-dance of information, especially the type of the kind "Yu didn't ask but i'm telling yu'all." "... this thread seems to concern itself with the relative value of US dollars as compared with the standard..." First i assume about standard you reference is that which does not exist today, the gold standard. But thats not here or anywhere it seems except in the semi-wet dreams of gold bugs. No, important point you made can be asked as a multiple choice question with the twist in that only a single answer is supplied and one has to choose which question is asked. Rather than supply the answer i will leave that for EC to itemize. Seems that as you imply, we determine the worth of physical gold based on the value of the US dollar, which as we know and you point out, the value of the US dollar is determined not by what it represents as in values pointed to(counter to ron-ron's misguided views), but by whatever the current corrupt, foolish and manipulative lies the United States government leaders are able to deliver to the American people using places like CNBC to "make it so." So yes, i agree with what you may have said, but for sure agree with what i may be saying, that yes its backwards, the value of gold is as you stated, its own value derived not from any other money symbol, but that itself has worth as currency to be used as money, and as a follow-through represent a standard so that fiat paper currency can be used in its place for ease of use with the understanding that the paper can be exchanged for the physical gold. Now i just confused myself, which is ok & good. If we just made such a standard, which model is used? If an oz of gold is worth $350 US dollars, do we as in usa government 1. issue 350 one dollar bills or 2. 350 bills each exchangeable for 1 oz of physical gold answer ='s Help EC d:oug