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To: Real Man who wrote (389254)	6/24/2009 1:58:25 AM
From: gregor_us	Read Replies (1) \| Respond to of 436258

Dude you are really laying down the Law. Heh. G

To: Real Man who wrote (389254)	6/24/2009 7:40:11 AM
From: NucTrader	Read Replies (1) \| Respond to of 436258

You're the gold guru. One thing's bothered me about gold as a hedge against inflation and asset class. Let's say the G7 or G12 or whomever get together along with the IMF and say, we're issuing an IMF based world currency, backed by gold, at a gold value of $50 an ounce (for exaggeration). Everyone holding physical or other gold at a higher price is hosed. Currencies are debased massively (but, importantly, on a relative basis at about the same level they were trading against one another at the time the gold backed currency was issued) screwing paper money holders. Then they could reinflate again.