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To: Jim Willie CB who wrote (116045)3/27/2002 12:46:01 PM
From: Robin Plunder  Read Replies (1) | Respond to of 152472
 
JW, perhaps it would be healthy if AG was viewed as an unsuccessful central banker. People might conclude that if he can't make it work, then nobody can.....so maybe we should go back to a gold standard. I noticed an article posted on the gold price monitor thread, I think, which indicated that Malaysia was recommending a gold standard for international trade.

Robin



To: Jim Willie CB who wrote (116045)3/27/2002 1:12:25 PM
From: qwave  Respond to of 152472
 
<<I am into oil/gas stocks, with growing position in silver
the world silver supply is almost zero
commitment of traders is declining in silver, ready for blastoff>>

How are you playing silver? Any drillers?



To: Jim Willie CB who wrote (116045)3/27/2002 4:46:11 PM
From: Art Bechhoefer  Read Replies (1) | Respond to of 152472
 
Jim, although you credit Greenspan for future inflation, don't you think the irresponsible fiscal policies of Bush & Co. deserve equal or greater credit? Resulting higher interest rates for the U.S. would probably INCREASE the value of the dollar in relation to the Euro and yen, at least in the short run.

As for sources for silver, a great deal of silver is reclaimed from photo processing. This is a source that cannot be ignored. As for gold, new discoveries plus improved metalurgy assure adequate supplies for every eventuality except for a rampant, worldwide inflation. I'm sure a lot of investors are assuming that such an inflation will occur in the next few years, but I don't see any reason for a major change UNLESS the administration continues or accelerates its reckless fiscal policies.

Art