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Gold/Mining/Energy : GOLD: WHAT IF IT IS NOW JUST A COMMODITY? -- Ignore unavailable to you. Want to Upgrade?

To: Gunnar who wrote (7)	11/10/1997 9:19:00 PM
From: MUDMAN	Read Replies (2) \| Respond to of 22

Marten: Internet commerce certainly will cause govt's headaches and challenges in tax collection (a great thing!). In terms of gold's use as a monetary reserve: again it seems as if the central banks in the SHORT TERM have the upper hand. If gold is in fact repudiated by the public as the C.B.'s are attempting to do, then gold becomes just another precious metal - a commodity. So while gold has a store of value as a last resort, what if it loses it's status? Why shouldn't it trade at $200? I don't believe this will happen, nor am I advocating this; rather I am trying to open a dialogue on this possibility.