On 15 Jan 2002, at 15:33, C. Cormier - Ormetal Inc. wrote: > The Euro has already 15% of its reserve in gold.
What does that mean? > Although the Euro is not convertible to gold, it gives some > sort of stability and solidity to the currency. Of what use is that? It sounds like OSGold. > The issue here is what arguments the ECB can use when it comes > to the table with the USA to decide on the equilibrium of the USD and > the Euro as world reserves currencies. Gold is one argument. You seem to think that the usage and/or relative value will be determined by political fiat. As long as people have any choice that will not be the case; both will be determined by market forces. If the world police state develops (which seems more and more likely) so as to be able to decide these things for people and enforce the will of the politicians then who cares: all human like is essentially over anyway. Best, CCS ------------------------------------------------------- - Virtual Phonecards - Instant Pin by Email - - Large Selection - Great Rates - - http://speedypin.com/phonecard/start.mhtml?af=743 - ------------------------------------------------------- *************************************************** * Craig Spencer * * [EMAIL PROTECTED] * *************************************************** --- You are currently subscribed to e-gold-list as: [email protected] To unsubscribe send a blank email to [EMAIL PROTECTED] Use e-gold's Secure Randomized Keyboard (SRK) when accessing your e-gold account(s) via the web and shopping cart interfaces to help thwart keystroke loggers and common viruses.
