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


To: long-gone who wrote (27254)1/29/1999 11:43:00 AM
From: Hawkmoon  Read Replies (3) | Respond to of 116762
 
Just wonder what your interest is in stopping any run over $325? Invested in LTCM?

Richard,

Have you been reading my comments??

I have been VERY CONSISTENT in expressing my belief that a wild upsurge in the price of gold will undermine the dollar.

If the dollar is undermined, the stock market will crash.

If the stock market crashes, every other stock market in the world will crash (further), and Trillions of dollars (or equivalent) will be utterly destroyed and the global economy and financial system terribly disrupted.

If the above occurs, not only billions of people overseas will drastically impacted and left unemployed, but there will be significant unemployment in the US.

Your brothers, sisters, parents, and children will face vast difficulties in obtaining credit from banks, already impacted by debt defaults and liquidity problems, for purchases, business loans, or for mortgages (property values will plummet).

So maybe you can get your kicks by "subtly" implying that I'm some kind of shill for some anti-gold cabal, but I'm looking far beyond your greedy self-interest in seeing gold destroy the established Fiat monetary system.

I kinda like the economy as it is now.

Call me selfish as well.. but I consider that my self-interests in a growing economy with low unemployment far outweighs your own, and there are far more people who will side with me than with you once they understand the stakes involved.

BTW, as for "niggardly" I surely hope you don't think I just knew that. It was reported and explained in the Washington Times. I would be less than forthright were I to claim I had encylopedic knowledge of Indo-European roots. (now my wife.. that's another thing altogether. She has several books on the topic.)

Regards,

Ron