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

To: Square_Dealings who wrote (11031)	11/3/2006 10:20:38 PM
From: Rolla Coasta	Respond to of 218657

There're better ways to pay off the debt than digging more gold. When they find out more resources that can be converted into income, the amount of debt will be reduced. So down goes the gold price as well.

To: Square_Dealings who wrote (11031)	11/3/2006 11:50:03 PM
From: elmatador	Read Replies (1) \| Respond to of 218657

“gold is a debt instrument, there is a lot of money borrowed against it.” Which logically follows: Gold is not an accepted mean of transaction. Money is. Why would someone borrow money and pay interest since it could just sell the gold for the money it needs. “the fastest growing countries in the world are accumulating gold and now have more in total than the G-7 nations combined for the first time in history.” It would be interesting to know what’s the fraction gold comprises on the reserves.