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

To: Broken_Clock who wrote (20747)	10/5/1998 8:16:00 PM
From: Mark Bartlett	Read Replies (2) \| Respond to of 116796

Papaya King, <<it seems logical that Germany would back IMF selling gold. >> The IMF selling their gold could have just the opposite effect they intended ... it could signal to the world's economies just how desperate the situation has become. That could be the death knell .... they would be better off to give the gold to the countries that are in trouble @ today's prices then run it to the moon - then trade give it back for debts owed ... everybody goes home happy -crisis averted ..... giving them more useless paper is no solution. I hear the argument time and gain about gold being a relic from the past ... I would argue that gold - as the life line - allows economies more flexibility because there is the safety of gold to fall back on when times are tough. IMHO no piece of paper will ever have that confidence. The stability of currencies (or lack there of) has been amply shown in the last few years. Best to all, MB