Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Gold/Mining/Energy : Gold Price Monitor -- Ignore unavailable to you. Want to Upgrade?

To: IngotWeTrust who wrote (93807)	2/26/2003 10:18:52 AM
From: Enigma	Respond to of 116756

Very interesting history and if I recall correctly it was the French demand for gold for dollars which finally caused Nixon to close the Gold Window around 1971. However I think it's a little revisionistic of you to make the following comment: This is part and parcel of the historical basis for the hatred and disgust of US government of the French currently being played out on the world stage in the Security Council antics of the United Nations over Iraq I submit that the hatred is due to the fact that the French and Germans won't submit to American dominance on the world stage, and, with regards to France, they have a large Muslim population and know all about terrorism due to their Algerian experience, thank you very much GWB. Apples and oranges methinks. If you go back in history far enough you can find all sorts of precedents. The Americans liberated France - for which the argument goes France should be eternally gratful, on the other hand France supported the rebels against Britain in the Revolutionary War

To: IngotWeTrust who wrote (93807)	2/26/2003 4:31:03 PM
From: goldsheet	Read Replies (2) \| Respond to of 116756

Just trying to give Enigma a quick/dirty answer, not write a PHD thesis ;) Once Homestake could get $35 an ounce for all the gold it could deliver to the US Treasury it became a profit machine with huge dividend payouts. I understand your points regarding gold confiscation, but fortunately many numismatic coins escaped to Europe before the law was modified to exclude them. I recall something like 2/3 of all $20 gold pieces ever minted were melted ! It is surprising one can still buy them for not much over melt.