Forum Archive Index - February 2003

[prhughes@value.net.nz]

Snoopy

I am not a gold bug, but am prepared to stick my head in the 
noose over this. I understand what Gooner is saying and overall 
agree with him.

However, the critical point is being overlooked , in that gold is a 
Control Agent and  if our fiat money was to some extent backed by 
a gold reserve it would prevent the massive printing of dollars such 
as which has occurred in the US over the past few months.

 If  foreign creditors start pulling out their money from the US then 
their dollar could be in big trouble, and as gold is valued in US 
dollars logically it should rise in price.

 It's all a big "if", who can tell what the end result will be.

You have got to hand it to Gooner in that he is prepared to back his 
views with hard cash, that takes balls.


Regards

Bill

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