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Politics : Gold and Silver Stocks and Related Commentary -- Ignore unavailable to you. Want to Upgrade?

To: Lhn5 who wrote (11882)	4/28/2005 10:03:52 AM
From: loantech	Respond to of 18308

Hey Larry quit picking on my Amarillo. <ggggggg> Just dump everything you have at market today. Like some on TK yesterday. So willing to sell they can dump the big 20-30 cents. LOL. True believers of the philosophy of buy high and sell low. No doubt at it again today. <g>

To: Lhn5 who wrote (11882)	4/28/2005 10:04:50 AM
From: seventh_son	Respond to of 18308

> How will gold really turn back into 'money'? I really can't say that it is money right now. Well, the US, Europe and Japan currently have a huge vested interest in fiat, and they are where the world's wealth is at right now. They control the IMF, World Bank, and print the money that the world uses for trade and reserves, and they don't want gold as money competition. I'm sure that most of Asia ex-Japan would love gold to have a more meaningful role as money. As for Japan, they have huge government debt, very low gold reserves, and I'm sure that the government would like to pay its debts in paper rather than gold. It would certainly be in Asia's interests to accumulate gold quietly to reach a certain threshold of ownership before promoting gold as money or money backing to the world. China and India are forging closer ties and might have such collective interests in breaking out of western money hegemony. As gold investors, for now maybe we can just wait and hope that they are doing that, and that gold can rise enough that it can no longer be contained by western central banks and their bullion bank partners in crime.