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To: Hawkmoon who wrote (107302)	2/29/2008 12:47:41 PM
From: Lizzie Tudor	Read Replies (1) \| Respond to of 306849

gold isn't used in any electronics, to any material degree. And whatever is used is in the process of being replaced.

To: Hawkmoon who wrote (107302)	2/29/2008 1:00:44 PM
From: The Wharf	Read Replies (1) \| Respond to of 306849

But when the government can come in and dictate to the private market that the price of gold will be fixed at $20/ounce (as it was for almost a hundred years), that's government interference in a private market. >>Where did I state anything about fixed value of gold? What is gov doing now trying to do now that to me is interference in all markets. They are tinkering with the result of the mortgage industries failure to manage their own books?

To: Hawkmoon who wrote (107302)	2/29/2008 1:17:11 PM
From: GST	Respond to of 306849

What the gold standard did was to anchor paper money in some form of reality. The repudiation of the gold standard permitted a pretense -- we can now pretend that we can simply print little pieces of paper to pay for things without anything to stop us. Want a war in Iraq that costs 2 trillion dollars? No problem -- we will just warm up the printing press. Of course what we print in this fashion becomes worthless over time and robs the citizens of America of their wealth as it has in other countries who have shown no stomach for restraints on government spending. What is most hilarious is that you want us to believe that the fiscal discipline of the gold standard is "socialist". We have a bunch of self-serving crooks in government right now and they are bankrupting this country and willfully debasing the currency in which we are paid and in which most hold their assets and pay their bills -- and you want to call those who denounce this financial ruin "socialist". What a hoot!