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

To: Hugh M. who wrote (1867)	11/18/1997 11:12:00 PM
From: E. Charters	Read Replies (4) \| Respond to of 3744

They can't print it by old IMF rules because of gold deposits have to equal 25% of deposits and limits of borrowing is limited to a % of currency on hand. If they sell all the gold, then may also want to run it like a bank and loan out many times the cash on hand which would be tied to the US dollar. So all currencies would float independent of gold. fame.org This is dangerous of course because it allows hidden inflation a al the 70's of the US and Canada. Groveries double every summer. etc..but in Asia not here. People will starve. ------------------------------------------------------------