Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: Tom Byron who wrote (11261)	5/5/1998 12:08:00 AM
From: Abner Hosmer	Respond to of 116811

Thanks Tom - I printed out Veneroso but haven't yet read it. That gold remaining in the central banks of individual European states is considered by some to be a large potential overhanging the market, and I find that view difficult to disagree with. One other thing about a gold backing. It sort of implies that if you go off printing money, each note is backed by a lesser amount of gold than it was previously. On the other hand if your currency is backed mostly by faith sprinkled over with a little gold dust, then that may be regarded as an infinitely fungible quality.