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

To: Mark Bartlett who wrote (27694)	2/3/1999 8:48:00 PM
From: Stephen O	Read Replies (1) \| Respond to of 116791

Mark Here Here Stephen O

To: Mark Bartlett who wrote (27694)	2/3/1999 9:37:00 PM
From: IngotWeTrust	Read Replies (3) \| Respond to of 116791

Excellent post not only about "control," Mark, but about personal responsibility. I think the mule and I would enjoy having you as my neighbor! Bring your own goldpan, tho'...mine are in use(grin)

To: Mark Bartlett who wrote (27694)	2/3/1999 11:40:00 PM
From: Hawkmoon	Read Replies (4) \| Respond to of 116791

The people that founded your nation knew this - that is IMHO one of the key reasons they insisted that money be a tangible and physical thing; because once it strays from that, the average person has lost any semblance of control over their future, that they might have had. What makes you believe our founding fathers were so keen on gold? These were the same people who issued "Continentals" to buy the goods they needed to fight the Revolution. Of course, this is probably one of reasons they emphasized gold when the constitution was penned. They weren't disciplined enough to prevent unbridled printing of currency by any bank that wanted to. The founding fathers wanted a backing for the nation's currency, WHICH WAS NOT UNIFIED AT THAT TIME. There were many banks issuing currency throughout the early history of our nations and one of the ways to tie it together was to make gold a reserve standard. Gold functioned as the dollar functions now... as a means to tie various currencies together. And the only guarantee you had was if you were able to snag the bank managers before they spirited what limited supplies of gold they had out the bank door. Either that or these bankers had to borrow from the eastern financiers that preceded JP Morgan. Mark, there is little difference between trust and confidence. They are interchangable when it comes to monetary policy. I don't why can't think this out and at least recognize that gold is no guarantee of anything. It can be confiscated, or the banks can manipulate it up and down. Ask yourself this question: If the CBs are able to manipulate the price of gold in either direction, then which monetary system is really stronger?? If gold were so powerful, you wouldn't be complaining so much about its depressed price. Again, mull that over awhile. What I'm looking for and "monitoring" with regard to gold is for signs of increasing prices in light of Y2K demand. I really don't think anything else will move the price at this time minus success on Bill's part with his battle. But then again, I don't see much documentation to support Bill's case. I'm learning a lot from a lot of folks here, and it is helping me to better appreciate the perspective on gold, illusionary as it is. I still wonder what will happen when people start selling their hoarded gold, either to raise to buy goods with in a Y2K disruption, or as a result of few severe disruptions from it (let us pray). You think gold's price is depressed now, you had better pray that Y2K is somewhat serious enough to give gold a raison d'etre.. Regards, Ron