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

To: goldsnow who wrote (14215)	7/7/1998 8:27:00 PM
From: PaulM	Read Replies (1) \| Respond to of 116764

Hi goldsnow. This is my debut as "PaulM." Armstrong on Gold and Y2k. pei-intl.com Click main, then click "Y2k - Part II" This is particularly interesting if you read between the lines. I agree with 70% of the article, BUT check out these tidbits: 1. "a return to a barter system would cause world wide geopolitical unrest and WWIII." Won't the collapse of unbacked inflated credit (today's "money") do the same thing? 2. He argues that the rush to buy commodities--and y2k "madness"--may result in a self-fulfilling prophecy causing inflation to rise. It seems to me that if you are on the right side of the market, you don't worry about the "self-fulfilling prophecies" caused by what must amount to a tiny minority of the population. 3. Throughout, he's careful to point out the superiority of the U.S. and the US$ as a safe haven as compared to the rest of the world. But viewed from a wider perspective, the U.S. is a past its prime debt ladened bubble in search of a pin. Other countries don't look much better, of course, but that's all the more reason to buy precious metals.