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

To: lorne who wrote (27423)	1/31/1999 8:47:00 PM
From: PaulM	Read Replies (1) \| Respond to of 116762

U.S. to Offer Brazil $1 Bill in New Aid iht.com

To: lorne who wrote (27423)	2/1/1999 12:21:00 AM
From: Hawkmoon	Read Replies (1) \| Respond to of 116762

Why is that the Swiss Frank would increase in value due to a rise in the price of gold and the USA dollar would lose value, I think the USA has the single largest supply of gold in the world how could an asset of this value undermine the economy and currency of the USA. How big is the money supply of Swiss Francs divided by the amount of gold they hold?? How big is the US money supply divided by its holdings of gold?? That is how the value would be determined. Not sure why you would want to substitute one for the other ? If they both have an illusion of value whats the point in choosing just one you may choose the wrong illusion, use both and create real money. You're not creating "real money". Real money exists only in our minds and emotions. Having a financial system only PARTIALLY BACKED by gold is nothing but a cop-out aimed at trying to appeal to practioners of both monetary illusions, Fiat and Gold. If you can't demand that your dollars be exchanged for an equivalent amount of gold at any bank, what good in the standard, except to quell your psychological attachment to gold. Without a "demand note", you have no right to receive gold one for one, and thus your currency is only as good as the paper it is printed on. Regards, Ron