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

To: long-gone who wrote (25016)	12/29/1998 7:55:00 AM
From: Hawkmoon	Read Replies (1) \| Respond to of 116764

What I'm suggesting is we each go buy one more 1/2 oz. to keep at home! Richard, Your point is well made. There is a limited supply of gold out there, but did you know there is a limited supply of cash as well?? One of the issues that the Fed is concerned about Y2K revolves around how much hard cash the average citizen will have on hand for that event. Should 100 million people each stuff $5,000 into their mattresses, it would exhaust the supply of hard US currency (approx $500 Billion). Given that China and Russia both rely on US currency to a large degree, 100 million people won't be a difficult number to achieve. I don't know about you, but I need more than $5,000 to pay the bills for a 3 month period. Btw, I found it VERY INTERESTING that India consumes twice as much gold annually as the US. Regards, Ron