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To: Haim R. Branisteanu who wrote (182731)	7/23/2002 9:18:37 PM
From: yard_man	Read Replies (1) \| Respond to of 436258

I need more posts like this Haim. Please keep them coming. Whenever someone starts with that "gold is not money" BS, I just have to laugh. IF it isn't money why don't the friggin' central banks divest themselves all at once and the bullion banks just quit trading it or borrowing it. Thank you again. <ng>

To: Haim R. Branisteanu who wrote (182731)	7/23/2002 10:20:15 PM
From: Joan Osland Graffius	Respond to of 436258

Haim, IMO, Gold is a store house of value as well as the rest of the precious metals. Countries have bullion houses, generally close to or associated with the banks. For example in Australia as well as Canada if one would have bought gold, silver, platinum, or palladium when their currencies were being devalued - as the currencies dropped gold went up in value and was fully liquid. The people in Argentina that held gold prior to the recent melt down were ok. Agree that one can not use gold at the local grocery store, but it can be converted in small quantities to fiat to conduct transactions. My grandfather has some gold during the depression and did well. Roosevelt did not get all the gold in the country. <g> These people were able to use this gold when they traveled to Europe. He and my father were farmers and kept most of their wealth in commodities which were small grains. They only converted these commodities to fiat when they needed to transact exchanges for goods. Joan