> What I am saying is that if you add gold to these reserves, even if > the currency cannot be redeemed, you also add some sort of long > term stability.
I don't think so. Let's say that the Euro is backed by 15% of its value in gold. Then, if you started to inflate the Euro, the price of gold would go up, and it would still be backed by 15% of its value in gold -- not matter how many Euros you printed. SnowDog --- 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.
