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

To: philv who wrote (7653)	2/18/1998 2:37:00 AM
From: Richnorth	Respond to of 116896

Because Dave was so upbeat about the fiat-money system, I thought it would be good to post those URLs so he could see the ultimate fate of fiat money, in case he wasn't already aware of it. I tend to agree with you that the fiat-money system had enabled rapid and extensive economic development which would not have been possible under the old gold standard. I tend to think also that the fiat-money system makes for considerable flexibility. But any and all advantages have a price tag, so to speak, e.g., socio-economic problems. Nonetheless, fiat-money is OK as long as the governments of the world exercise due moderation and discipline. I am not really sure to what extent the Clinton-Lewinsky affair, the Iraq Crisis, and the SE Asian Mess will have on the POG, collectively or individually. If impeachment of the President turns out to be imminent, then the POG will rise due to a horrendous sell-off of the equities; a shooting war in the Middle East is very likely to raise the price of gold and oil for a brief period of time; the POG will rise once the SE Asian nations have established some semblance of order in their financial household. In the event of the Iraq Crisis escalating into a full-blown war involving Israel, then I would imagine that both the POG and oil would skyrocket. Just my thoughts only.........