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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory -- Ignore unavailable to you. Want to Upgrade?

To: David W. Taylor who wrote (926)	9/21/2003 9:10:23 PM
From: Real Man	Respond to of 110194

David, in real deflation like you describe, US bonds will return neither interest nor premium. Even treasuries. It's called default, and it was practiced in other debtor countries, such as Argentina. Only Argentina, Turkey, Indonesia, South Korea, or Russia were not nearly as much in debt to the rest of the world as the US of A. Why gold? What else? You get your premium back!

To: David W. Taylor who wrote (926)	9/22/2003 11:37:41 AM
From: alburk	Respond to of 110194

" I always counter with "how do you spend it?" I am not a gold bug but your reply to gold bugs seems a little weak. It's easy to spend gold. It's relatively liquid. Granted, you may not be able to convert it within seconds. But it most certainly can be converted within days. So I'm not sure what your point is. Great posts though. Thanks.

To: David W. Taylor who wrote (926)	9/22/2003 11:46:49 AM
From: SGJ	Respond to of 110194

Are you serious? People think its better than money, thats why they won't spend it: they hoard it. Case in point was the gimmick of handing out 1958 silver quarters at a recent investment workshop for my company. Everyone was talking about putting it away for thier grandkids. A damn 1.25 worth of silver. LOL.

To: David W. Taylor who wrote (926)	9/22/2003 2:00:23 PM
From: Jim Willie CB	Read Replies (2) \| Respond to of 110194

you completely miss that notes and electronically transferred money can be 100% backed by gold held in reserves you are pre-occupied by movement and completely miss the concept of collateral they can all be moved across computer screens those not collateralized will drop in value those collateralized will rise in value those not collateralized can be inflated by govts and bankers those collateralized are subject to discipline WHY IS THIS CONCEPT ESCAPING YOU EACH AND EVERY PASS? do you ever read and learn, or just write and talk? by the end of this decade we will all receive an education on China and its upcoming gold-convertible yuan currency when the gold-backed yuan is in operation, they will NOT be carting gold bullion around the Chinese countryside and across the oceans they will be using computer entries on a commerce whose transactions will be denominated in a currency which is collateralized by a hard asset (GOLD) / jim