Forum Archive Index - November 2003

["Soarer2" <soarer2@xtra.co.nz>]

ask the 1 billion chinese and 1 billion indians what they think of gold, if
you hadn't noticed they will be the economic powerhouses sooner rather than
later
the chinese govt has stated on the record they wish to increase their gold
holdings as do Russia, the islamic countries are also devising a gold backed
trading currency, gold has been money for three thousand years and always
will be, for the non believers who are certain gold is finished, why don't
you short gold
and go long the USD ?

Question; all those shiny new USD arriving in Iraq via the Fed, did they
come out of current US money supply or did the Fed print pack and ship ???


----- Original Message -----
From: "hugh webber" <hugh.webber@clear.net.nz>
To: <sharechat@sharechat.co.nz>
Sent: Friday, November 14, 2003 11:15 AM
Subject: Re: [sharechat] Past 12 Months - Percentage Facts


> 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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