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To: MangoBoy who wrote (2683)5/21/1999 11:58:00 AM
From: Ian@SI  Read Replies (2) | Respond to of 17683
 
To thread,

I believe we've been witnessing the "de-monetarization" of gold.

When this happened to Silver, it took a century for Silver to regain any value.

Expecting Gold to resume its former role as a monetary standard is unrealistic.

Expecting it to be a hedge against inflation during the demonetarization process is foolhardy.

JMHO,
Ian.



To: MangoBoy who wrote (2683)5/21/1999 12:45:00 PM
From: Jim McMannis  Respond to of 17683
 
Mark,

RE:"That doesn't spell "consipracy". "

I try not to use that word either. OTOH, maybe we need to look at the big picture.

Do you know what happened to gold in 1985?

Jim


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