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

To: Alex who wrote (33629)	5/11/1999 6:01:00 AM
From: John Hunt	Respond to of 116791

Weekly Gold Market Update << It is also ironic that Britain's Issac Newton defined The British Pound in terms of gold and silver almost three hundred years ago. At the time the pound was stated to be worth ¼ of an ounce of gold and a pound of sterling silver. Britain was also the instigator of a European-wide gold standard after the Napoleonic wars, which was codified in 1870. Except for an interruption during the wars with Napoleon, the pound maintained its parity with gold and silver until 1931 when Britain formally refused to redeem pound notes for gold. Today the pound is worth 1/170th of an ounce of gold and less than 1/3% of an ounce, not a pound, of silver – and this for the only paper currency that has survived for as long as three hundred years. >> gold-eagle.com Who said the sun never sets on the British Empire? :-))