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From: canopus@amdahl.UUCP (Alpha Carinae)
Newsgroups: net.invest
Subject: Re: The Coming Currency Recall
Message-ID: <2003@amdahl.UUCP>
Date: Mon, 9-Sep-85 14:40:57 EDT
Article-I.D.: amdahl.2003
Posted: Mon Sep  9 14:40:57 1985
Date-Received: Wed, 11-Sep-85 07:47:09 EDT
References: <245@cylixd.UUCP>
Organization: RA: 6h 22m 30s; Dec: -52d 36m
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References: <245@cylixd.UUCP>
> I have received some query into my mention of the coming currency
> recall in my response to a colleague's question on gold investing.
> The information I have on it is sketchy, but here goes:
> (explanation of recall here)

  I have heard this too, but my suspicions are aroused by two major
  facts:
     1.  It is only the precious metal dealers who allude to it
         (It has been used on me as a "scare" tactic to get me to
         buy silver - which I haven't).
         A.  This has been going on for at least five years that
             I know about... It is always "next year" for the recall.
         B.  My Broker sort of chuckles when I mention it to him.

     2.  What President in his right (or otherwise) mind would want
         to go down in history as having brought on another Depression?
         However else anyone may feel about Reagan, I don't think he
         would resort to such drastic steps just to get at some drug
         money.  (I realize this is more personal opinion than fact).

     3.  Congress (the opposite of Progress) can't even put together
         a budget, work on tax reform, much less organize a currency
         recall.  Hell, they couldn't even manage the gas crisis in
         1973-74.

  I guess what I'm saying is that it just sounds like a selling gimmick
  used by the precious metal hawkers and fellow travelers.
-- 
Frank Dibbell     (408-746-6493)     ...!{ihnp4,cbosgd,sun}!amdahl!canopus
Amdahl Corporation, Sunnyvale CA     [This is the obligatory disclaimer..]
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"This is the biggest fool thing we have ever done.  The bomb will never
 go off, and I speak as an expert in explosives."  [Adm Bill Leahy to
 President Truman in 1945 about the Manhattan Project]