> You might be our first poster from Argentina. Welcome! Are you
> having a good summer?
>
> Your post prompted me to look to see who has the most gold:
>
> http://www.globalfirepower.com/list_gold_reserves.asp
>
> Maybe I will buy some yuan tomorrow.
>
> It would be interesting to see which country has the most gold
> *including* jewelry.
>
> Terry
>
> On 1/4/09, Mauro Lacy <[email protected]> wrote:
> > Hi All, thanks for the interesting topics and info. As a means of
> > reciprocity, here are some predictions, info, and some opinions.
> >
> > Some are predicting the dollar will end its global status as reserve
> > currency(i.e. the dollar will collapse) this year. See
> > http://www.marketoracle.co.uk/Article8031.html
> > for a very good analysis.
> >
> > Also worth reading is
> >
> http://caps.fool.com/blogs/viewpost.aspx?bpid=125230&t=01000785550515854591> and related links and comments. This comment I'm specially fond of:
> > "A gold backed currency would be a good start toward a sustainable
> > economic model, but if it involves a central bank, then it is
> doubtful> that it will work out in the long run. Politics will
> drive central
> > banking policies just as they do now. If the central bank allows
> > fractional reserve banking, even with a gold standard, it will still
> > lead to boom and bust cycles in the economy."
> > (first comment in
> > http://seekingalpha.com/article/112731-will-the-new-gcc-single-
> currency-include-gold)
I think there were booms and busts before the creation of central banks.
Harry
