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Gold/Mining/Energy : Gold Price Monitor -- Ignore unavailable to you. Want to Upgrade?

To: Eashoa' M'sheekha who wrote (2995)	11/9/1997 2:55:00 PM
From: goldsnow	Read Replies (2) \| Respond to of 116837

Taurus, Swiss had many reasons (not the least to prop-up their frank without actually selling gold-numerous benefits beyond the scope of this reply) What unclear is WHO is buying all this existent and un-mined gold. For many hedged and un-hedged producers it is undoubtedly cheaper to buy gold at current prices and sell forward at hedge. Two goals achieved. $$$ are made. Competition is destroyed. Reserves preserved.

To: Eashoa' M'sheekha who wrote (2995)	11/9/1997 10:13:00 PM
From: PaulM	Respond to of 116837

That gold is finite and that the amount of it cannot be regulated by govt or CB is something I consider positive. Particularly when a major purpose of a medium of exchange is as a measure of the value of goods. Valuation is obviously difficult to impossible if the amount of the medium of exchange is constantly changing. The question is philosophical. Should the govts or the free markte be in teh driver's seat? I'm partial to the latter alternative. Agreed that most decision makers around the world think the way you do. But that won't last forever. Also-not-a-gold-bug-but-a-critic-of-conventional-monetary-thinking.

To: Eashoa' M'sheekha who wrote (2995)	11/10/1997 9:58:00 PM
From: lorne	Read Replies (1) \| Respond to of 116837

Hello Taurus Thanks, yes it does shed some light on the subject, it seems the more I learn the less I understand how this all works. If the rise in the price of gold would make it unrealistic to go back on the gold standard, is it possible for the powers that be to force the price of gold lower to a price that would be realistic. In a recent post it was stated that the currency crisis in Asis would have little effect on us here in Canada and the USA, if this is so why would the USA and the IMF bother to bail out Indonesia, Thialand and other countries, and where does the billions of US dollars come from, is it ever repaid and does it even matter if it is ever repaid. If there is no limit on the amount of paper money that is printed then it seems to me that any debt incurred by any country is a non issue just print some more money and pay debt. When a country that has a currency crisis is bailed out by the USA and the IMF is it done because were good folks over here or is there some other reason like having a country agree to changes in their banking systems that would make them more agreeable to us over here, so in the future we can have better control over what they do. Is there now some sort of precedent been set that any country that has problems will be bailed out, so not to worry. Question---when a country devalues their currency it makes the products they produce cheaper for us to buy, however it makes our products more expensive for them to buy and causes a trade imballance which we can't tolerate for to long, so we bail them out with US dollars so they can again buy our products,seems like we are buying back our own products and giving them away, I guess it is obvious I really don't understand it , can some one explain. Guess I'm losing it --lost it-- never had it. If the gold standard won't work and our present system won't work whats left , maybe trade turnips for gold ,trade gold for fire wood etc. Thanks Lorne