Gold Price Monitor Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Gold/Mining/Energy : Gold Price Monitor

GDXJ 145.00

+2.0%

Jan 23 4:00 PM EST

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: Hawkmoon who wrote (36360)	7/2/1999 4:08:00 PM
From: Jim S	Read Replies (1) of 116914

I agree, it would be more practical to hold platinum, titanium, and chromium in reserve. Problem being, to hold enough in reserve to be practical would wreak havoc on industries that use those materials, like tire makers during WWII when rubber was treated as a strategic material and restricted from public use. Isn't that a great reason for gov'ts to hold gold? Because of its frivilous value as a midas metal and relatively limited industrial use, it seems to me that it is perfect -- huge psychological value, yet withholding large quantities won't disrupt "practical" industries like the withholding of strategic stuff might. Gov'ts holding large stockpiles of titanium would lead to industrial and market instability as rumors would inevetibly circulate about fluctuations in the size of the stockpile. If a "worthless" commodity like gold can ripple the market, imagine what would happen if we held half the world's production of chromium! Gold seems to be pretty useful after all, don't you think? jim

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next