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Srila Prabhupada[Posted Nov 17, 2008]

Let's get physical: gold coins stop prostitution of gold



A.C. Bhaktivedanta Swami

Bhagavatam's verdict on gold and gold standardized currencies
physical gold Guardian Nov 15, 2008 - REUTERS

Iran switches reserves to gold - report


TEHRAN, Nov 15 (Reuters) - Iran has converted financial reserves into gold to avoid future problems, an adviser to President Mahmoud Ahmadinejad said in comments published on Saturday, after the price of oil fell more than 60 percent from a peak in July. go to story

Peter J. Cooper's Weblog Nov 13, 2008 - Peter J. Cooper

Saudi Arabia buys $3.5bn of gold in two weeks


There has been an unprecedented surge in Saudi gold purchases in the past two weeks with over $3.5 billion being spent on the yellow metal, reported Gulf News citing local industry sources. go to story



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Cashing in on the dollar
High Stakes Confidence Game A.C. Bhaktivedanta Swami

KULADRI: But the forefathers who made up our slogan "In God We Trust," they were very unintelligent, they were very backwards. PRABHUPADA: But you are intelligent. Why you are putting the forefather's words? You avoid it. That means you are cheating people. You do not believe in, but you still write it. That means cheating. Why do you write such things in which you do not believe? That means cheating. Hmm? What do you think? If you write something which you do not believe in, are you not cheating? That means cheating. You take word, you are giving a piece of paper, and it is written there, "one thousand dollars." That means you are cheating, in the name of God, he will accept you, that's all. If you say, "No, I don't want paper. Give me gold dollar," then you are finished. Your currency will be finished. Immediately there will be revolution, that "The government is cheating us." more

Gold standard exchange and currency the shelter of Kali


excerpt from Srimad-Bhagavatam 1.17.39, text & purport
The personality of Kali asked for something more, and because of his begging, the King gave him permission to live where there is gold because wherever there is gold there is also falsity, intoxication, lust, envy and enmity.

PURPORT
Although Maharaja Parikshit gave Kali permission to live in four places, it was very difficult for him to find the places because during the reign of Maharaja Parikshit there were no such places. Therefore Kali asked the King to give him something practical which could be utilized for his nefarious purposes. Maharaja Parikshit thus gave him permission to live in a place where there is gold, because wherever there is gold there are all the above-mentioned four things, and over and above them there is enmity also. So the personality of Kali became gold-standardized. According to Srimad-Bhagavatam, gold encourages falsity, intoxication, prostitution, envy and enmity. Even a gold-standard exchange and currency is bad. Gold-standard currency is based on falsehood because the currency is not on a par with the reserved gold. The basic principle is falsity because currency notes are issued in value beyond that of the actual reserved gold. This artificial inflation of currency by the authorities encourages prostitution of the state economy. The price of commodities becomes artificially inflated because of bad money, or artificial currency notes. Bad money drives away good money. Instead of paper currency, actual gold coins should be used for exchange, and this will stop prostitution of gold. Gold ornaments for women may be allowed by control, not by quality, but by quantity. This will discourage lust, envy and enmity. When there is actual gold currency in the form of coins, the influence of gold in producing falsity, prostitution, etc., will automatically cease. There will be no need of an anticorruption ministry for another term of prostitution and falsity of purpose.


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