Larry wrote:
Dave wrote in news:3heit3lpfs81dekr9q74eep0vbvj86pbom@
4ax.com:

And what yardstick are you using to determine the value of a Kruggerrand?
The "value" of gold is the yardstick by which all currencies are measured.
It's been that way for thousands of years.....whether modern bankers like
it or not is inconsequential.

Gold is priced in US dollars and what we are seeing is not a
rise in the price of gold but more a fall in the value of
the dollar. Similar case with oil, although rising demand
(mainly from China) for a limited resource is adding to the
problem.

Printing too much money adulterates the stock already out
there - gotta pay for the Iraqi debacle somehow.

Plus the fact there is an enormous amount of counterfeit
dollar bills floating around the world - so poor in security
features has the currency. The CIA had their own printing
presses to pay for their South American escapades back when
they were financing the Chilean truckers to bring down
Allende. And the US dollar bill of any age and variant is
always a valid one and must be accepted and redeemed.