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

To: Henry Volquardsen who wrote (4745)	1/14/1998 11:54:00 AM
From: Zeev Hed	Read Replies (1) \| Respond to of 14226

Henry, I would go one step further and say that in view of major financial instability in about 1/3 of the world, the fact that gold was not sought as a "currency of last resort" indicates that its monetary value is waning. Requiring that gold be backing the world currencies will limit the growth of the world economies to the growth of supply of gold whatever the pegging. If the pegging becomes too high, resources will be allocated to extract the yellow from areas where it is expensive and waste financial resources. The truth is that pegging currencies to gold will lead to perpetual inflation. Zeev