> IN FACT, the vast majority of people on Earth have NO dollars, and in a gold > economy they would have NO gold. There are many people in Africa whose > entire wealth consists of a goat and a pile of firewood.
Most Americans don't keep but a couple of hundred dollars on them. They keep their money tied up in assets: their house; their stocks and bonds; and in the bank on interest bearing CDs or the like. A free market can decide its own currency. Gold and Silver once supplied the entire world with money, in increasing amounts. There's nothing to indicate that this couldn't happen again. Once the price starts to rise, the mines will, once again, start supplying the world with new money in amounts great enough to prevent deflation. SnowDog --- You are currently subscribed to e-gold-list as: archive@jab.org 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.
