Forum Archive Index - February 2003

["tennyson@caverock.net.nz" <tennyson@caverock.net.nz>]

Hi Bill

> 
>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.
>
>

So your solution for the US is to cut dowen the credit by hiking 
interest rates in a weak market?  Isn't that what lead to the 1930s 
depression?

>
>
>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.
> 
>

For New Zealanders to invest in gold 'being a good thing', you have 
to build a case for the price of gold to rise in $NZ terms.   I 
haven't seen anyone do that.

SNOOPY





   
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