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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory -- Ignore unavailable to you. Want to Upgrade?

To: Little Joe who wrote (99490)	11/8/2008 5:28:17 PM
From: bart13	Read Replies (2) \| Respond to of 110194

True that it helps limit excess money creation, but as Hawkmoon has noted it also has problems of its own. The historical fact that neither a gold standard nor a fiat standard has worked should direct our attention to other factors that are the real problems. “We can’t solve problems by using the same kind of thinking we used when we created them.” -- Albert Einstein

To: Little Joe who wrote (99490)	11/8/2008 5:57:58 PM
From: Hawkmoon	1 Recommendation Read Replies (1) \| Respond to of 110194

Gold isn't perfect but its supply can't be manipulated and so far has maintained value throughout history. Oh?? And that's why we have tons of the stuff accumulated in a big fortress called Ft. Knox, and not available on the public market, right? That's why Hugo Chavez just nationalized Crytallex's mining operations in Venezuela? Of course if can be manipulated if it's confiscated by the global central banks and rendered unavailable as a monetary instrument. Hawk