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To: Jibaholic
Interesting idea.

The fact is that there isn't enough gold above or below ground to back the debt committments of the world's fiat currencies. The credit card is maxed out. There will never be a return to the gold standard. That bridge is washed out.

But gold backed niche currency vehicles are going to play a big part in the unfolding of fiat currency instability.

You have said a very important thing.
36 posted on 12/16/2005 2:01:13 AM PST by beaver fever
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To: beaver fever

There certainly is enough gold to cover all the debt.

It only depends on one thing.
The price of gold.


37 posted on 12/16/2005 2:06:07 AM PST by djf (Bush wants to make Iraq like America. Solution: Send all illegal immigrants to Iraq!)
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