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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum -- Ignore unavailable to you. Want to Upgrade?

To: TobagoJack who wrote (505)	9/16/2005 10:25:37 AM
From: Moominoid	Respond to of 217580

I bought a tiny amount of CGHIE just now. Then it fell 2 cents LOL which is like almost 10%. Croesus looks like beginning to rebound timidly from the annual report which they released at the last possible (extended) deadline. It is interesting that some of these Aussie producers are finding there is less gold in some properties than believed. What is strange is no-one anymore talks about Central Bank gold. Do they now expect them to be long-term holders after being excited to sell at the bottom of the market?

To: TobagoJack who wrote (505)	9/16/2005 3:09:59 PM
From: Maurice Winn	Read Replies (2) \| Respond to of 217580

TJ, with the eBay/PayPal/Skype move, the day of the Quid draws closer. As you say, all those state-backed fiat currencies will go to zero, or close to, and probably they will be reissued at a new low level, with 1 to replace 10,000 as people realize they only need the local currency for a few minor things. I expect the process might even involve the TeoTwawki crunch you have long predicted [and I have feared] rather than a smooth segue to the Quid as I hope. That's because the states will not go quietly into the night. They will not tolerate competition. They will be like all greedy, destructive slave-driving monopolists and will use laws, guns and prisons to enforce their cash flows to their greedy pockets - pretending to a morality that they don't have. They need money and their pixelation process is like a heroin drip, mainlining them on a daily basis. Pulling the needle will not make them happy. <I suspect most folks responsible for the coming mess do no even have any idea of how many zeros there are in a trillion.> At first I passed that by as a little joke. Then, on reflection, realized it is certainly true. Even if most of the politicians who ensure the pixelation process get it right [which I expect they wouldn't], the electorate certainly wouldn't. They vote for more money. They wouldn't have a clue what money is other than some numbers on a credit card enabling them to waddle into Wal-Mart and buy cheap stuff, which they don't understand is cheap, Made in China, by people they know nothing about and care even less. Thank goodness I should have the Quid ready for action before the mighty US$, yen, euro and kiwi get their comeuppance. Imagine depending on gold as a currency. What a shambles that would be. There simply isn't enough of it in existence to act as a currency and if it was used, it would have to be something like $10,000 an ounce [in today's dollars], which would result in an absurd gold culture, with people digging up everything to find more. It would be like the Easter Islanders with their moais - spending all day digging rocks to try to demonstrate wealth is nuts. ce.eng.usf.edu It's an Aztec idea of wealth. Gold mining is mindless. Okay, for some purposes it's a good idea, being a useful material in many respects and making nice ornamentation, but as a currency, it's ridiculous. The Quid is the way to go. Mqurice