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Pastimes : A Jackass, his PAL(indrome), and GOLD -- Ignore unavailable to you. Want to Upgrade?


To: Wyätt Gwyön who wrote (612)2/5/2003 11:58:30 AM
From: Jim Willie CB  Respond to of 1210
 
HoneyMan, dont forget that gold-backed can be cover clause

like a 5-10% cover clause whereby 5-10% of our money supply is backed by gold bullion in vaults
Jim Sinclair has been suggesting and predicting this for months

doesnt have to be 100%
our strongest banks have only 10% of deposits to back loan portfolios
I expect the same fractional system is coming

so 8.5-fold rise in USGovt gold holdings
and a nice little increase every single year

/ jim