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

To: Rarebird who wrote (27434)	1/31/1999 11:58:00 PM
From: Hawkmoon	Read Replies (2) \| Respond to of 116763

Sorry, Ron. What I see is someone who desperately wants to maintain the status quo because he has a vested financial interest and will use any type of military scare tactic to prevent the POG from rising. God!! Do you really think that I have that much pull?? I mean, maybe Bill Murphy who is organizing his effort to file a lawsuit against the gold manipulators, may deserve this honor, but hardly do I. And you bet I have a vested interest in the current system. And so do you if you indeed operate a business. Just how many of your customers will be able to pay you in gold right now?? And given the obvious disruptions that will occur from a sudden return to the gold standard, just how well do you believe your business will do in that event?? People have to have jobs and consumer confidence for them to spend. Look at the Japanese, where every spare yen goes into their savings account where they were, at one point, paying the bank to hold their money as interest rates plummeted. YOU'RE DAMN RIGHT I HAVE A VESTED INTEREST IN THIS ECONOMY!! But I'm also not so stubborn as to say I will never invest in gold stocks or bullion as a hedge against unforseen economic downturns. I don't want to lose money anymore than the next guy. But I'm not going to try and fool myself into believing in the "religious purity" of a gold standard. I'll recognize any upswing as a investing trend and ride that wave. The difference between you goldbugs and myself is that I have common sense and the guts to publicly state that ALL financial systems are a man-made illusion. Fiat or Gold standard doesn't matter, as it is all a proxy for the inefficient barter system of exchanging actual goods and services. IT IS ALL AN ILLUSION!! But if it works and people continue to maintain confidence in that system, then so be it. So long as people have confidence in our country, they will have confidence in our currency. But for a gold standard to be reistituted, you goldbugs have to destroy or undermine the current Fiat system. You have to have financial distress and a lack of confidence in the Fiat illusion in order for you to reinstate your own illusionary belief in gold. And you want to impose your will upon everyone else in order to make it happen. Have some guts Rarebird and quit taking shots at me. You're the guy with the doctorate in philosophy. Surely you understand the concept of relativism. Everything is relative when it comes to peoples beliefs and emotions about money. Regards, Ron