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To: Mark Bartlett who wrote (20935)	10/7/1998 8:01:00 AM
From: Bobby Yellin	Respond to of 116857

good morning read the first paragraph of Ray's post exchange2000.com also since Bretton Woods how much has the population grown and how much has the world economy expanded.. For the life of me can't figure out how the world leaders could create a universal anchor..ie if they added diamonds and silver to the basket for instance..wouldn't debeers for instance go to the moon..thinking about this gives me a headache.. bobby

To: Mark Bartlett who wrote (20935)	10/7/1998 11:29:00 AM
From: Zardoz	Respond to of 116857

You say:"IMO you view the world too much from the perspective of the a first-world country. There is still a huge part of the world's population that hold gold dearly." As well they should. Where did I say you shouldn't own gold? I own gold. In your opinion, buying golds stock is not worth while anyway. Best to trade the commodity out right. "The fact is Hutch, even the average person still senses some degree of comfort knowing that in tough times they can rely on something real - not on a piece of paper." "There must be an anchor in the monetary system that all can moor their boats to - and it can not be another currency." Where did you get that from? Sure it can. Even in your reality, if 20% of the world wealth is backed by GOLD, through say the USD/MARK than isn't that sufficient for the rest of the world to use those countries bonds as a active gold hedge against currency volatility. POG is up only $2.00 now.