Freegold Ventures Ltd (FVL)

[NYBob]

To 'originunknown' welcome to 'FREEGOLD VENTURES LTD (ITF:TSX)
Investors Hub - '

ITF Gold Prices must go up, a lot! Why?

Paper fiat money is fraud, and paper money growth has been
tremendous. M3, which is a measure of money in U.S. banks,
stands at over $10.3 trillion as of February 2006.
(And will no longer be reported after March, 2006).

Central banks are running short on Gold, and are starting
to buy gold again. Currently, the U.S.
(officially) has 261 million ounces of Gold.

If U.S. money, M3, were backed by U.S. Gold, there would
be over $38,314 dollars for every one ounce of Gold!

The total value of all the fiat paper money and bonds in
the world is about $100 trillion, and all the Gold ever
mined in all of human history is just under about 5 billion
ounces. That’s $20,000 per ounce!

But world central banks are running out of Gold, and some
are starting to buy Gold, such as Russia, China, South Africa,
South Korea, and more! The central banks claim to have about
30,000 tonnes of Gold, but they may have less than half of
that, as most has been lent or leased into the market -
over the past ten years.

In sum, at $700/oz., there is about $3.5 trillion dollars
worth of Gold in the world, but there is $49 trillion worth
of bonds, and $40 trillion worth of paper money! So, bonds
and fiat paper money must go down - and Gold must go up!

Gold is the only real money, because of its fundamental
nature.

Gold is the only real money because it is liquid and easily
tradable, with a narrow spread between the prices to buy
and sell (about 1%). Also, Gold is easily transportable,
because it has a high value for its weight. This makes Gold
an excellent medium of exchange.

Gold is money because it is divisible, you can divide it into
coins, or re-melt it into bars, without destroying it.
Also, Gold is fungible, where each unit of .999 fine Gold
(99.9% pure) is similar enough to another unit so as to be
easily interchangeable.
Gold is also nearly impossible to counterfeit, as genuine
Gold is easily recognizable. When measured by weight, Gold
is easily countable, and verifiable. These properties make
Gold an excellent unit of account.

Gold is money because it is a great store of value.
Gold is not subject to decay, rot, or rust.
Gold has an intrinsic value, because it is rare, highly
coveted the world over, and is a luxury item -

Got ITF Gold & Silver Mines -
http://www.investorshub.com/boards/board.asp?board_id=6526




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