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Strategies & Market Trends : The Stock Market Bubble
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To: Tommaso who wrote (3231)6/7/2000 3:19:00 PM
From: Professor Dotcomm   of 3339
 
Your comments have some appealing aspects - or at least they did when individual governments could play around with their own money supply. As I see it today, the fading relevance of countries with their own curious pieces of cloth they call flags or even many state backed religions with their own particular brand of saints and sinners, is starting to change the rules of what used to be called the 'store of value'.

There is much wrong with globalization but at least it can sweep away the many myths that used to dictate the real constituents of value. Why gold? Because people distrusted politicians - and they were right. Equally silver - but at least silver does not have to worry about huge overhangs of supply like gold and it is now developing an intrinsic value as distinct from a fiduciary value.

I think gold will too - but we are several years away yet. I have to think that the real constituents of value have to be entwined with those of productivity - at least until we fall into the same mistakes of the past like wars or trade wars ( - or perhaps water or carbon dioxide wars?).

Perhaps I am putting too much faith in the improved world relationships - economically, increased travel or more international sports which seem to be reducing racial prejudices. All of these factors affect the nature and the composition of what is a 'store of value'.

That is until the next major catostrophe hits the earth - such as a mega volcanic eruption that affects the global food supplies.
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