The post refering to means of paying for things written about in a book set in the distant past may be close to the line, but if the point is that Gold and Silver have always been the only true money, then I for one will the reference slide and not smite the zealous poster.

It is in line with the view that some hold that the US knows its currency will fail, and that's why they don't sell any of their gold horde. As much as the statistics may be full of fraud and deceit, and the US may have "loaned" much of their gold away, I believe they still have a lot and it truly is their last line of defense. They value it for what it is, the true treasure of the treasury.

In a global meltdown of fiat currencies, moreover, US, Germany, EU etc will come out better than those countries without enough gold. China knows this, and has taken steps to increase gold held by their citizens and banks, India the same. Even Vietnam has seen the writing on the wall.

Strangelly, Canada sold all of their gold when encouraged by the US to believe that as it does not pay a yield, why have it? It woudl be great to get the Finance Misinter to respond to a question about why Canada does not have any of her reserves in gold...

As of today, Canada comes in at 79th palce with about 3.4 tonnes of gold versus US 8,000+ tonnes. Believe it or not! LINK:

http://en.wikipedia.org/wiki/Gold_reserve

So while our banks may be solid, our nation is vulnerable.

Fortunately, we do have commodities and could increase our national gold holdings. Maybe granting Tyhee and other new producers in the next few years speedy permits will help save Canada, by increasing the nations gold output.

Whatever your religion or philosophy, Gold has been and shall continue to be MONEY.

SKELEG