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Strategies & Market Trends : Waiting for the big Kahuna -- Ignore unavailable to you. Want to Upgrade?

To: carranza2 who wrote (87148)	4/10/2009 12:27:01 AM
From: RJA_	Respond to of 94695

>>The last thing we want is a return of the gold standard not only because it is totally unworkable in this day and age but also because your Au will get confiscated if the USD went back to it. Oh, I dont know... at the right price, I think it would work. The right price would be pretty high. Re confiscation, perhaps. Also, perhaps not. It would certainly prevent this Fed insanity of eating their own dog food... or bailing out all the guys they know with funny money. True, the currency would not be very flexible... so perhaps some kind of modified gold standard such as Mundel is proposing... for a international monetary unit pegged to a currency basket made up of 50% gold... You know, Mundel, the father of the Euro?