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

To: Zardoz who wrote (23718)	12/2/1998 4:44:00 AM
From: Gabriela Neri	Read Replies (1) \| Respond to of 116762

Hutch, You hit the nail on the head. There is not enough gold to go around because they cant easily create more. Unlike the ability the print currency, which costs insignificant amounts. The liquidity factor of gold is easily overcome by a gold standard type policy, although hell will freeze over before the US reverts to that type of thinking in the current political and economic environment. Or maybe until Malcolm Forbes is elected President.

To: Zardoz who wrote (23718)	12/2/1998 9:25:00 AM
From: Enigma	Read Replies (2) \| Respond to of 116762

Hutch - sometimes I think you're a little like Ahhaha - in love with words - in your case without considering that you're making the contrary case eg "But it's the fiat currency that allows the transfer, and thus value in the metal. But not the other way around. Money can exist without gold, but gold has only limited trading power without money. There is not enough gold to go around Precisely!! E

To: Zardoz who wrote (23718)	12/2/1998 10:59:00 AM
From: cAPSLOCK	Read Replies (1) \| Respond to of 116762

But it's the fiat currency that allows the transfer, and thus value in the metal. But not the other way around. Money can exist without gold, but gold has only limited trading power without money. There is not enough gold to go around. Oh Hutch! I have no disrespect for you, and I am glad to read your opinion as I lurk around here... but maybe you should read that last statement again. That is exactly what makes gold REAL money. Paper money is a representation of value. Metals are simply the most convenient place to actually STORE that value. Paper money is a promise. Metals are proof. It is either ignorance on one of our parts, or simply a difference of philosophy that makes us disagree on this issue. I feel pretty sure it is the second... cAPS