LETTER TO THE EDITOR — Fenton Formula revived

The article “Timely proposal: a new gold standard” (T.N.M., March 7/94) is of interest to me.

My article “The Fenton formula,” published in 1984, is much better than “Timely proposal” and is practical, provable and would, in fact, work — guaranteed. It is a formula “for all seasons,” not just a proposal. Essentially, the Fenton formula shows you in detail how you can use gold to accomplish objectives. It is not a standard; “use” is the important word. It is provable through the use of models.

Obviously, such a change would be an immense undertaking. From time to time, changes would be required. Essentially, though, the thrust of the Fenton formula is sound and “right on.”

Fred Fenton

Oakville, Ont.