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Gold/Mining/Energy : A to Z Junior Mining Research Site -- Ignore unavailable to you. Want to Upgrade?

To: zinc-man who wrote (2800)	1/21/2003 9:48:09 PM
From: 4figureau	Respond to of 5423

He may be wrong :)

To: zinc-man who wrote (2800)	1/22/2003 9:38:25 AM
From: Jim Willie CB	Respond to of 5423

such a claim is lightyears beyond ludicrous the US Money Supply (even with a 5% gold cover clause) would require a doubling of the gold reserves to fortify its collateral against the current $6.4 trillion in Trez debt with a chronically faltering economy with growing need for domestic safety net measures with continued world police action and sentry duty with never-ending insanity of pork barrel local projects with necessary federal stimulus FUTURE FEDERAL DEFICITS WILL NOT GO AWAY, WHICH REQUIRE CONTINUED OFFICIAL PURCHASES OF MORE GOLD FOR THE TREASURY now add significant new reserve requirements in order to fortify ongoing federal deficits of perhaps $1 trillion in 2004 alone and at least half that in 2003 TO CLAIM NO NEW GOLD RESERVES OR NO HIGHER GOLD PRICES IS ABOUT AS LIKELY AS CLAIMING ENERGY INDEPENDENCE !!! we will need far more gold in the treasury that happens only with a higher price, since the private sector is aware of this (or will be) which results in competition for the increasingly scarce gold TOTALLY LUDICROUS AND BEYOND THE ABSURD in fact, I will go on record as saying that a gold-backed dollar will bring about a $2010 gold price before the year 2010 let that stake come out of the ground and stay there for 7 more years the future has much in store, beginning with a race between Asia sanity and the US/Europe insanity to grab the world's gold the winner will have an absolutely burgeoning central bank from which to distribute staggering and growing sums of capital for expanding their national economy the USA enjoyed this benefit in the 1940-1970 period, only to forget how it happened now the reverse will occur within the USA, as our gold is gone, having given it away at this cycle's lows TO ASIA as for gold and silver owners, EEEEEEHIIIIIII !!! / jim