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To: NOW who wrote (63489)	5/5/2005 5:24:00 PM
From: maceng2	Read Replies (1) \| Respond to of 74559

Re gold currency. I like the idea as it's honest. The mighty US dollar is "backed" at the end of the day by the precious metals Plutonium and Uranium. At the end of the day, if too many countries try and sell the USD (and there are lots out there, the USA can alway threaten war, or even "all out" nuclear war. The current system of fiat currencies and central banks only causes a huge amount of problems for the future and is wide open to abuse. We see all sorts of abuses already. The trouble is other countries (apart from the many who already have them) might want to back thier economies and governments in the same way. i.e with the use of a nuclear deterrent. Thus a return to currency properly backed by a stored value of commodities (other then assured horrible deaths of millions of human beings and the destruction of the planet) is the only way forward imho. It is now a fairly common belief that the primary cause of the war in Iraq is to prevent the economic progress of China and the support of the USD (including other western governments currencies) imho.

To: NOW who wrote (63489)	5/5/2005 10:22:21 PM
From: shades	Read Replies (1) \| Respond to of 74559

I go see Mogambo Guru from 321gold.com at the silver conference in Idaho - I was at Wallace, Idaho last year - beautiful lands - the locals use silver coins to make purchases sometimes. But when 12 billion people get on ebay - they are not going to send shiny metal or green paper back and forth on airplanes to trade digital or real goods and services. Perhaps there will be a digital gold equivalent they send back and forth on ebay - but why? Oil or energy units would be the best thing to back any trading token in that regard no? oil and energy has a USE to 12 billion on ebay - they need that to power the computers - they don't need GOLD to power thier computers. Gold is useless. i read on 321energy.com that OIL is what really backed the US dollar - because OIL traded in dollars and without oil backing it - the US dollar loses most its value. Back in history I read some people killed you for a gold coin, tribes killed other tribes for thier gold coins. Today it looks like the USA is going to war for OIL, not gold coins - why is that so hard to understand? China is sending spies here to steal secrets on technology - not gold. Indians would kill other indians in battle for honor and to please the spirit gods - not gold. Jay chen blows up people in deathmatch for FUN, not gold. Do you own a lot of gold? I did own some a few years ago - but as I found myself listening to more and more mp3's and watching videos I downloaded from P2P networks and reading SI - I forgot about my gold - then one day I remembered it - went and looked at it and it had all this dust on it and I decided to sell it all last year - I just didn't see how it was going to apply to my future. Here is what I need as part of the borg of 12 billion on ebay each day - a net connection - a sandwich - a pepsi - jay chens IP address so I can flood it with packets when he is beating me in deathmatch and kill his connection - hehe - those all take ENERGY - not gold. Saddam threatened to get off the US dollar/oil standard - that was reason to be worried. When we went over there our soldiers protected the oil wells, not the gold, ancient jewelry or art hordes in thier museums. That was all looted by street thugs and our gubbment didn't care. I read a few years ago the ancient alchemist dream of transmuting lead into gold was possible with nuclear processes - some lab had done it - but the cost of ENERGY to do so did not make it economical for that current price of gold. The more you tell me about gold being the future of trade the less I understand why. Sea shells were the token of trade in the island nations of the past, beads of the indian ones - as we all get on the internet - there will be a virtual token. I saw a special on the animal planet network - they showed female monkeys spreading thier legs and a male monkey giving her a banana to bang her - the oldest profession in the world goes WAY back it seems. Monkeys even have a basic trade-barter system exchanging bananas for sex - one need for another - food for orgasm - they do fine without gold it seems. As chen and I battle each other back and forth on deathmatch 12 hours a day - what needs will we trade back and forth? the need to have fun while we blow each other up - that will take energy - not gold. I shared your mindset several years ago that funny money would go down and give way to gold, puplava, mogambo and 321gold and prudentbear made me believe this. Today I still feel funny money green paper will go down, but I am no longer believing gold will be what replaces it.