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To: Tommaso who wrote (170730)6/6/2002 2:42:36 PM
From: patron_anejo_por_favor  Read Replies (1) | Respond to of 436258
 
<<Has anyone suggested that the U.S. government go back issuing gold certificates for those who want them? If they sell Eagles I don't see why they couldn't sell paper Eagles at a 5% premium to the current price of gold.>>

They could do that, but OTOH, since they already defaulted on their promise to pay (gold for gold certs) once, who'd believe 'em this time?<NG>



To: Tommaso who wrote (170730)6/6/2002 2:51:37 PM
From: Bid Buster  Read Replies (2) | Respond to of 436258
 
you have to have gold to back any gold backed currency...

you don't really think we have any gold in fort knox do you?



To: Tommaso who wrote (170730)6/6/2002 2:52:26 PM
From: Oblomov  Read Replies (1) | Respond to of 436258
 
we'd need to repeal a few laws (not that we shouldn't):

ustreas.gov



To: Tommaso who wrote (170730)6/6/2002 3:13:58 PM
From: Knighty Tin  Read Replies (1) | Respond to of 436258
 
T, Uh, where's your safety deposit box? <g> As long as they don't pull the old Billie Sol Estes trick. Billie Sol was an LBJ buddy who sold vegetable oil to folks. They could check out the silo to see that it was full. But the silo wasn't full. Just the viewing tube into the silo. <g> Your gold is the same way. Real gold is in front of the vault and gold painted bricks in the rear. <VBG>