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Gold/Mining/Energy : Gold Price Monitor
GDXJ 97.81+0.9%4:00 PM EST
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To: BGR who wrote (35125)6/11/1999 7:44:00 AM
From: long-gone  Read Replies (1) of 116762
 
Do you know why gold will always have a great value?
1. scarcity
Despite the greatest efforts of neat every government on earth, it is rare. We find no large amount lying loose on the ground for the picking-up. Even the most opulent private homes are not roofed with it, despite it's superiority over (the also expensive) brass, copper, and steel.
2. trust, greed, and truth
Even those who love more government control and monitoring do not trust every possible future derivation of government with unlimited access to every last bit of personal wealth for all time. Those with any wealth wish to be able to move, store, and transfer with-out record some portion of that wealth for all time as the most basic form of insurance.
Even those currently in power anywhere on earth know and understand
the present state of affairs may not exist with-out end, and do not trust what that future might bring.
Why are there 250 oz of gold coin carried on board Air Force 1?
Do you want every last penny you own viewed at your death by the IRS and possibly taxed?
Do you trust current lover to evenly split that last two cents with you in case of divorce?
Do you want your money to the last cent tied up by a possible future court action?
An arbitrary figure has been set (even here in the US) as a maximum amount of cash one can carry aboard every public commercial conveyance. This can be increased or enhanced via the creative use of gold.
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