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Gold/Mining/Energy : Greenstone Resources GRE.T or GRERF OTC
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To: russet who wrote (786)6/14/1999 1:26:00 PM
From: SwampDogg  Read Replies (1) of 1005
 
"Money is a commodity, backed by a government."

IMO, that statement is an oxymoron. If backed by a government (GDP, credit, trade balance, taxation etc.) then money is a derivative. It is of course still subject to the laws of supply/demand.
AU, although subject to supply/demand, is not a derivative. It has inherent value on to itself whatever that value maybe. When I think of the value of AU, I think of it staying still and derivative currencies moving...not visa versa.
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