Re: Gold breaks through $1,400 level
in response to
by
AGORACOM
posted on
Nov 08, 2010 03:02PM
HI : In response to the quote in your excellent article -->
"Unlike the World Bank, we do not believe that a form of the gold standard will return. Very simply, there is not enough gold supply in the world for the metal to perform in this role,” said Edel Tully, precious metals strategist at UBS"
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There certainly is, 'IF' you price it accordingly. It would be a field day for the origninal investors and miners of course, but after, a wonderful deterrent for unbacked money production..
Simply reducing all monies to their comparitive purchasing power in 1900, for example, which means, say 1 /1000 of their present posted value in most cases, while raising Gold to an 'X' value , covers it easily. You can achieve any ratio that you wish.
However -------
Don Jose de La Mancha
p.s. since I own gold properties go, go. snicker.