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Gold/Mining/Energy : Big Dog's Boom Boom Room

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To: Salt'n'Peppa who wrote (156723)	9/9/2011 11:11:11 AM
From: a.handbag.	Read Replies (2) of 206092

Kayaker is correct. The market cannot "wipe out" a single dollar. It simply has no mechanism for creating or destroying money. The fallacy arises from double counting. Suppose you have no assets other than a house worth a million dollars. You may think you are a millionaire, but in that case you must have sold the house. If you still have the house you have no money. Same with stocks.

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