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Strategies & Market Trends : Waiting for the big Kahuna -- Ignore unavailable to you. Want to Upgrade?

To: long-gone who wrote (22083)	7/22/1998 2:29:00 PM
From: James F. Hopkins	Respond to of 94695

Richard; (OT) I've known about his feelings on the gold standard, it's one of the areas I critique him. He has been in the market so long that he is to set in some of his old ideas. Going back on the Gold standard would be like going back to horse and buggy days. It's a shallow and narrow way of looking at things in this age. Not only is there too little gold in the world to function as a standard; if that's pushed on us then the power to control the world will wind up in very few hands. The gold standard argument is archaic to me. Indeed we need to do something other than what we have , and investigate this obscene derivatives market. But "no" to a gold standard. I'v argued against it enough to already know the proponents are so indoctrinated in that basic conviction, that replacing it with an alternative set of beliefs, is like talking to a wall. If you want a gold standard you want people like De-Bairs running the world, better read up on that dynasty ( cult ) before you give them a way of taking over every thing. Any way there isn't enough gold to make it remotely feasible, and it's even more archaic than going back to a horse and buggy means of transportation. Jim