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Politics : Ask Michael Burke -- Ignore unavailable to you. Want to Upgrade?

To: Ahda who wrote (93302)	11/27/2001 8:44:21 PM
From: Joan Osland Graffius	Read Replies (1) \| Respond to of 132070

Darleen, It has been interesting reading the posts here on the gold standard. I don't have a URL for the story, but the Russians that traveled with Puten (sp) this month brought gold from Russia. They went to the Fed Reserve and converted it to US $'s to pay for their transportation, hotel, food, etc. bills. This proves that even today gold still has monetary value in the US. Also when traveling to some countries one can exchange gold coins for currency in most banks, or bullion exchanges. My problem is the shinny gold coins are so pretty that I don't want to part with them. <ggg> Joan

To: Ahda who wrote (93302)	11/27/2001 8:52:33 PM
From: Don Lloyd	Read Replies (1) \| Respond to of 132070

Darlene - ...What would happen to countries that attempted a gold standard from the base they now exist on? Chances are very slim gold will ever be 5000 per ounce so this is not too possible in my mind. What is possible is, nations who are trying to induce import by reducing the value of their currency on the open market could cause a currency crisis. One could start and many others could follow suit, the end result to their export enhancements would be nill but the off shoot of this to the world financial market would be pure pandemonium. There would be no alternative but gold or silver at this point. I don't expect to see it, anyway. What is your outlook for pandemonium? What country is the primary producer? Do you have url's for quotes and charts? -g- Regards, Don