RE:GOLD IS KINGI personally tend to believe it. Everytime I read an article about tying the dollar to gold in order to back it up with something of real value instead of mere faith in the goverment, the conclusion seems to be that it is no longer possible. Interestly Russia has been toying with the idea, and seems to have come up with an experiment that appears to be teaching anyone who will listen that perhaps it may be possible. Up to now I have been somewhat confused regarding this effort until this evening when I read an article that seems to clarify the mechanics of how this is being done. There is a little math involved, but it's pretty simple. All I've seen so far has indicated that Russia is charging 2 grams of gold for a barrel
of oil or something to that effect. The way the article clarified this for me is by explaining that a gram of
gold is now pegged at 5000 ruples when puchasing a certain quantity of gas or oil. Do the math and you will find that this pegs the price of gold at @ 160,000 rubles per ounce.At 75 to the dollar, this in turn pegs gold at @ 2150 U.S. per ounce. Might be interesting to.see where this goes next.