Replies to post #198 on PHLX Gold/Silver Sector (XAU)

[long-gone]

To:Pogue Mahone who wrote (215)
From: denis J Saturday, Jul 5, 1997 5:08 PM
Respond to of 79916

To Patrck et all We have seen the power of the net work in many ways
why not for gold ?????
the politicians and the bankers feel that the worlds currencies
can be backed up by paper dollars U.S,Yen,Franc and other
all of wich have no value other than they are promisary notes,if we
as citizens of the world allow this to continue happening the we have
no one to blame but ourselves for any forthcoming calamity that
may occur now if we want our dollars to be backed by i/e Gold then
we must do something about it.

1. tell our politicians we must have a secure monetary unit

2. how many of you own gold certificates at banks if there is
enough than we can influence the price of gold

Banks sell gold certificates but only keep a small amount on hand

if we all demanded our gold and stored it ourselves than banks would
have to cover their certificates and a big demand for gold would
follow thus increasing the price .

comments please

sincerely Denis J

I will be demanding mine this week


http://www.siliconinvestor.com/stocktalk/msg.gsp?msgid=1708500