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To: arete
Gold is merely a commodity these days. The US dollar is the international measure of value, not Au.

I'm all for hard money - but a run on gold would be as successful for the Muslims as a run on silver was for the Hunt Brothers.

The Hunt Brothers proved that silver was less fungible than greenbacks. The same goes for gold.

16 posted on 12/10/2002 9:15:39 PM PST by wideawake
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To: wideawake
Gold is merely a commodity these days. The US dollar is the international measure of value, not Au.

That is what the government propagandists and the FED would like the public to believe, but gold has always been the reserve currency of choice. The dollar is nothing but a fiat currency and can be manipulated by the government and the bankers. It is doomed to fail. It is just a question of when.

Richard W.

18 posted on 12/10/2002 9:37:25 PM PST by arete
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