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To: Terry Maloney who wrote (13987)	1/26/2002 10:53:36 AM
From: Ilaine	Read Replies (2) \| Respond to of 74559

>>I think he was saying that they have not set their "capital and other reserve standards" to guard against "once or twice in a century crises".<< I agree. >>Got gold?<< There has not been a crisis in US history that made holding gold make more sense than holding cash. Not within the last century, not within the last two centuries. I say this with the proviso that you would have been holding your cash under the mattress or in a box buried in your back yard, not in a bank that crashed. Paper money issued during the Revolutionary War became useless, as did Confederate money.