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Strategies & Market Trends : Strictly: Drilling II -- Ignore unavailable to you. Want to Upgrade?

To: Frank Pembleton who wrote (15324)	7/8/2002 11:58:21 AM
From: steve susko	Read Replies (1) \| Respond to of 36161

i don't think gold and silver will ever be monetized by the average citizens ... rather it is used as as insurance against fiat money defaults .... which could mean any precious metal obtained will be stored away out of circulation.

To: Frank Pembleton who wrote (15324)	7/8/2002 12:31:37 PM
From: Jim Willie CB	Read Replies (1) \| Respond to of 36161

probably because Argentines cannot get access to their money all in time, I presume I read Mexico, Brazil, Venezuela, Bolivia are teetering now I stick with my echoed affirmation that the entire South American continent will default on large national loans and bring with it all manner of chaos I echo the opinion of some guy back in early spring it was one of many GoldEagle editorial articles he had WorldCom and Qwest on his list of BK risks South Americans havent yet monetized the gold concept not yet they are shellshocked imho too much of the world still sticks with the NEW MONEY concept sad truly sad but many people were born after 1971 when Bretton Woods ended only Japanese citizens have enough foresight so far / jim