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

To: Jim S who wrote (4293)	12/15/1997 1:09:00 PM
From: goldsnow	Read Replies (1) \| Respond to of 116753

>>>>My question, though, dealt with the obverse of this situation; namely that gold itself is being discounted, and there seems to be an effort to remove confidence in gold to the benifit of fiat currencies. To be or not to be...That is a question Jim, your outlined scenario has only one, but important flow.. What currency? Bosnian? Serbian? and why and for how long Dollar?

To: Jim S who wrote (4293)	12/16/1997 1:17:00 AM
From: Jim Ilchyshn	Respond to of 116753

My question, though, dealt with the obverse of this situation; namely that gold itself is being discounted, and there seems to be an effort to remove confidence in gold to the benifit of fiat currencies. Where does that take us? Jim, If you believe in charts, history or cycles, You will understand that human nature, namely fear and greed (in the order of dominance) have repeated their cycle for centuries throughout history just as gold has been a store of value for centuries. No matter how different things may seem, they all remain the same. Once fear has ran through its domino effect (cycle) through the world's currencies, you will truly appreciate the real value of gold. "We are living in a period which all too readily scraps the old for the new...As a nation, we are in danger of forgetting that the new is not true because it is novel, and that the old is not false because it is ancient." - Joseph Kennedy "Civilizations maintain their strength and stability as long as the gold content of their currency remains relatively uniform. Only during the latter years of their existence, when they begin to debase the gold content of their monetary units, do they lose power and prestige and fall to ruin." - Douglas Kirkland (Power Cycles) Good luck, - Jim.