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Gold/Mining/Energy : Global Platinum & Gold (GPGI) -- Ignore unavailable to you. Want to Upgrade?

To: Odi Handoko who wrote (4698)	1/8/1998 11:13:00 PM
From: Zeev Hed	Respond to of 14226

Oddi, being a debtor nation, particularly a sizeable debtor should not worryn us, it should worry those holding our debt. That was a quip response, frankly in view of our assets, the size of our economy and our ability to service this debt, I am not worried. Zeev

To: Odi Handoko who wrote (4698)	1/8/1998 11:16:00 PM
From: Chuca Marsh	Read Replies (1) \| Respond to of 14226

"House of Cards" and Fort Knox has less than half or what gold as when they filmed Goldfinger there 30 years ago?? And don't get me started on Platinum...Nice UPDATE..congrats and a pat on the back from a NE Pat. Chuca

To: Odi Handoko who wrote (4698)	1/9/1998 9:26:00 AM
From: Henry Volquardsen	Read Replies (1) \| Respond to of 14226

Now the greenback is stong but what is backing it? The assets of the US government, the productivity of the US economy and the tax revenues that the goverment can call on. The greenback is also backed by the borrowers willingness to repay debts at a rate that exceeds inflation and a proven track record of repaying debts. What is gold backed by? It's pretty and people like to wear it. Yes it is in immutable but that is not a major concern for currencies. It is not easily portable in large amounts. Not only do you not earn anything for holding it, you have to pay for storage. It is to expensive at current prices for widespread industrial use. This theory that gold is more valuable than paper currencies because there is nothing backing the paper currencies is a fiction.