Forum Archive Index - November 2003

[hugh webber <hugh.webber@clear.net.nz>]

But is it really some use?
Unless you can show the "industrial" use of gold is
 greater than the production of gold (currently being 
ramped up in all directions) you are only doing a 
disservice flogging the old gold dead horse.

Which countries are going back onto the goldstandard/
making gold their currency?

The international policy is still to phase gold out as a 
reserve holding.

Doesn't a large part of the gold spiral simply reflect the downward 
spiral of the US and the price of gold is quoted in US$.....

Unsophisticated corrupt 3rd World elites dive into gold as a "safe 
haven" but presumably they will slowly become more sophisticated 
and the corruption will get cleaned up.

Perhaps the best quote is wisdom is more valuable than gold.

cheers,
Hugh

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