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

To: Jack Clarke who wrote (4623)	1/3/1998 6:59:00 PM
From: Ronald P. Margraf Sr.	Read Replies (1) \| Respond to of 116753

Hi Jack, You got it. All governments try to get their citizens to buy the paper in exchange for their gold. That way they control the population. It is also benificial to them that if their populations have confidence in their government paper than maybe it will spill over into other countries that do business with them. There are some folks out there right now that are blaming Greenspan for allowing the POG to fall to its current levels. They fell he should have supported the 350 level. Myself, I think he is smart. Let it fall. Buy up as much as you can with the strong dollar and then see what happens. If the fed start to call in their purchases and reduce the supply then we can look for the price to go up. In turn make the US $ stronger. When the price of gold starts to go up. Use a controled sell off and sell it to the other banks. In turn make more money. Its a vicious circle. That is why they say the rich get richer and the poor get poorer. The rich are rich because they are smart. The poor are poor because they are not. Its all academic.;-))) Ron