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


To: Sidney Reilly who wrote (7735)2/20/1998 12:44:00 PM
From: bobby beara  Read Replies (5) | Respond to of 116762
 
Bob, IMHO this has been the debasement of Gold in lieu of FIAT currency. A very deceptive use of monetary power by those in authority to redistribute wealth. A ponzi scheme of the nth magnitude.

Funk & Wagnalls defines FIAT as: a positive and authoritative command that something be done: an order or decree.

This smacks of totalitarianism, and it won't work. History is littered with the demise of fascist regimes, from Rome to Nazi Germany.

The word the preceded FIAT in the Dictionary is FIASCO.

Need I say more?

The almighty dollar will soon be dead in the water. China will have to devalue their currency soon as they cannot compete with the devalued rupiah and Korean Won. There trade to the US has dropped dramatically in the last 3 months. When that happens Clinton won't stand a chance.

This chart shows in REAL DOLLAR terms, that Gold has crashed and has turned up in about 94/5. A crash of this magnitude is always followed by a minimum 50% retracement. What you are looking at in this chart is a ground floor opportunity - the 1998 Soft yellow is 1985 Microsoft.

It's time to get the physical Gold and Silver me fellows, this is the Boston Tea Party All Over.

God bless all,

bobby