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

To: PaulM who wrote (6707)	1/25/1998 5:37:00 AM
From: Mark Hutnick	Respond to of 116764

Paul, Your last sentence is simple and near genius!! Paraphrase "...it is ridiculous to think that as world currencies and economies crumble, they will not also bring down the US$". I have believed for some time that Govenments either tell their people gemuinely good news or attempt to make good news out of a bad situation. Either way, it comes out as good news. IT's up to us to first realize that this is happening and secondly filter out the lies and the truths. The 'no inflation' good news is a prime example. Hutch's previous posting on wisdom and the confidence that gold brings is excellent. After all, who in their right mind can feel confident about Clinton, Rubin, Iraq, Japan, Korea, next several quarters' earnings, Oil, US treasuries and other Bonds, etc., etc. Cheers, Marco

To: PaulM who wrote (6707)	1/25/1998 6:28:00 AM
From: Bobby Yellin	Respond to of 116764

Keep up great work!! eom

To: PaulM who wrote (6707)	1/25/1998 6:38:00 AM
From: marcos	Respond to of 116764

Pulled out Mr Smith's "An Inquiry into the Nature and Causes of the Wealth of Nations", and was considering typing in passages, then thought noooo - Project Gutenberg will have it. And they do; bibliomania.com Book One, Chapter IV - On the Origin and Use of Money; bibliomania.com "For in every country of the world, I believe, the avarice and injustice of princes and sovereign states, abusing the confidence of their subjects, have by degrees diminished the real quantity of metal, which had been originally contained in their coins." That's in a paragraph about two-thirds down the page. The "pound sterling" was originally a pound of sterling silver. The words "peso" and "peseta" are derived from the Spanish verb pesar - to weigh [to weigh something/ to be weighty]. "... By means of those operations the princes and sovereign states which performed them were enabled, in appearance, to pay their debts...... Such operations..... have always proved favourable to the debtor, and ruinous to the creditor, and have sometimes produced a greater and more universal revolution in the fortunes of private persons, than could have been occasioned by a very great public calamity." 1776 - a new paradigm at the time. ....... cheers ......... marcos PS - Project Gutenberg deserves support, imho. Here is one of their searchable databases; bibliomania.com PPS - maybe that one is a commercial site. Here is the PG site, but it's down just now; sailor.gutenberg.org