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To: Terry Maloney who wrote (225708)	3/5/2003 3:09:11 PM
From: Box-By-The-Riviera™	Read Replies (1) \| Respond to of 436258

well, you have a few resource rich countries who are adding to their gold reserves. don't you think it would be better for canada to make trade with what's in the ground, and keep the rest to back the paper?

To: Terry Maloney who wrote (225708)	3/5/2003 4:40:34 PM
From: Earlie	Read Replies (1) \| Respond to of 436258

Terry: And to add to your note, while I think it is dumb beyond words to sell the gold, at least the Canuckistanian govt got SOMETHING for their gold,..... they sold it, as opposed to having "loaned" it out or "leased" it out as is the case with some other central banks we all know and love. Now I wonder what happens when the price of gold once again heads north (and it will) and the bullion banks that owe billions of dollars worth of gold to the central bank prove to possess no ability to make good. You don't suppose that massive liability will be "monetized" do you? (g) Best, Earlie