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To: E. Charters who wrote (20803)	10/6/1998 4:34:00 AM
From: long-gone	Respond to of 116866

"A government with the policy to rob Peter to pay Paul can be assured of the support of Paul" "The fact that a believer is happier than a skeptic is no more to the point than the fact that a drunken man is happier than a sober one. The happiness of credulity is a cheap and dangerous quality." George Bernard Shaw

To: E. Charters who wrote (20803)	10/6/1998 4:56:00 AM
From: red turtle	Read Replies (1) \| Respond to of 116866

E.C.,very wise and true post. Holding my gold stocks till seeing them sooaaaarr. red turtle.

To: E. Charters who wrote (20803)	10/6/1998 8:26:00 AM
From: Bobby Yellin	Read Replies (1) \| Respond to of 116866

great post.. "The people here who trumpet gold are not speculating in metal they are speculating against paper."

To: E. Charters who wrote (20803)	10/6/1998 9:08:00 AM
From: The Street	Respond to of 116866

GREAT POST EC-- nice to have you back...

To: E. Charters who wrote (20803)	10/6/1998 9:28:00 AM
From: J. Nelson	Read Replies (2) \| Respond to of 116866

Yes a very nice post. T.Y. one !Question! MONEY v/s GOLD Let''s start out ***If you have the U.S. Total issue of paper money in the world at any number xxx,xxx,xxx.00 now each hunk of gold say 1 oz. is priced at $300 for some of that money. and you, I, and the rest of the world can trade in paper to get one oz. what is the value of the one oz. if the paper in the U.S. total issue went from the xxx,xxx,xxx.00 to XX,XXX,XXX,XXX.00 by the issue of all the new $100, $50, and $20 bills we see on the street. Would you think the value of the 1oz of gold would be the same or did dis-inflation take the value to a new level with everyone in the world trying to change there currency to come close to the value of the new total issue of the U.S.A.???? If a company has 2,000,000 shares of stock total with a price of $100.00 and they issue new paper of 2,000,000 pcs. the stock is valued at $50.00 So what is the world looking at when the largest nation prints trillions of new money and we think nothing of what it will do to the POG let alone the buying power by other nations with a decrease in the value by the largest nation. Something has to snap in the process and it seems like the stock market is taking the toll from the action. If that makes sense please let me know. Thanks, Jim..

To: E. Charters who wrote (20803)	10/6/1998 1:37:00 PM
From: Mark Bartlett	Respond to of 116866

Eric, <<Don all this BS about gold going down is that the US and lending countries want to demonetize debt and issue lots of it. If gold is not payment for debt then only US debt pays debt. It's win win for the US and lose-lose for the borrower. If gold equals money as all commodities must then they can pay back their debt and beat the lender. The US don't want that.>> This is the crux of the issue .... who would not love to play a game of monopoly where you are not only the player that can print as much money as you want - but valuate what it is worth too ... what a great position to be in. MB