[ghostrider]

You sure stirred up a lot of heffer dust with what, in my humble opinion, is a bull crap article. The fun thing about economics, like politics, is that one can say just about anything and then prove it with a whole lot of nothing that can't be disproven.

On the bottom line, after all the heffer dust settles, an economic argument must pass the sniff test. Your article passes the sniff test about as well as a Ponzi Chain Letter sniffed by a soccor mom. As long as you have enough soccor mom investors, you can get someone to trade their gold dust for your heffer dust. But, eventually even the soccor moms will get bound up on all that crap. When they finally realize that some slick talking con-artist has traded them paper political promises in exchange for their gold, the stampeed will be on.

[robnoel]

I got to this part before I concluded that this was pure BS

A rational business decision would require that monetary symbols cost the least possible to manufacture. Presently, (1998), it costs around $280 to mine and refine an ounce of gold. Mining decades of tons of ore per ounce of gold has left holes in the ground measured by cubic miles. The ore is leached by toxic chemicals that have produced environmental pollution.

First this article was written during the dot com boom...today two shares of WorldCom could not buy you a 1oz Silver Eagle ...Second.. costs to mine gold in Nevada run around $125 per oz...third..the author is one of those left wing eco-nazi types....jeez....how could anyone miss this fact!

May I suggest a book GOLD WARS

[Deuce]

You sure stirred up a lot of heffer dust with what, in my humble opinion, is a bull crap article.

Well said.