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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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To: djf
No you are wrong.

As one mining executive told me: "You could take the all the capital invested in the world's gold industry and throw into Walmart and it would bounce around like a pea in a penny whistle."

There is not enough gold, silver or platinum to back the world's fiat currencies.

Money is just religion by another name.
40 posted on 12/16/2005 2:29:13 AM PST by beaver fever
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