From: abelard 
Newsgroups: uk.politics.misc uk.finance
Subject: Re: Housemarket rising - for the first time in a year??
Date: Fri, 30 Dec 2005 13:30:53 +0100

On Fri, 30 Dec 2005 12:06:28 -0000, "Doug Ramage"
  

  typed:
>
>"abelard"  wrote in message 
>news:ab6ar1daf24qn85cfj39agffbo7ag4buhl@4ax.com...
>> On Fri, 30 Dec 2005 02:15:09 +0000, Richard Faulkner
>> 
>>
>>  typed:
>>>In message , abelard
>>> writes
>>>>>0.1% means nothing. Hometrack forecasts mean nothing.
>>>>
>>>> .1% means a substantial fall in the face of fiat currency...
>>>
>>>No idea what you mean, (fiat currency??) 
>>>
>>>presumably the 0.1% rise is a substantial rise in fiat currency
>>
>> the reverse...*if* i understand how you mean that....
>>
>> a fiat currency is a currency unbacked by real assets...
>>    most currencies in the world are now like that to varying
>>    degrees...
>>
>> the real value of fiat currencies fall steadily year on year (most
>>   all of the time)
>> http://www.abelard.org/inflation.htm

>Although, IIRC, Central banks don't trust other Central banks' currencies so 
>only settle in Gold?

most settlements are in money blips...
however many central banks do keep ginormous amounts of gold...
    to the extent of ~30,000 tonnes...
it is estimated that if they dumped it on the market the gold price would
    fall below $100 an ounce...the international banking thus is an
    effective cartel keeping the price of gold artificially high...

there is surreptitious movement to try to dump it as non-performing assets
   without wrecking the market...

this may be of use to you
http://www.abelard.org/value-transfer//egold-info.htm

regards...

-- 
web site at www.abelard.org - news and comment service, logic, 
 energy, education, politics, etc 1,552,207 document calls in year past
--------------------------------------------------------------------------------
  all that is necessary for       []     walk quietly and carry
  the triumph of evil is that     []           a big stick.
  good people do nothing     []   trust actions not words
                    only when it's funny -- roger rabbit
--------------------------------------------------------------------------------