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Gold/Mining/Energy : Gold Price Monitor
GDXJ 98.59-2.8%Nov 13 4:00 PM EST

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To: Rarebird who wrote (51124)4/4/2000 9:13:00 PM
From: Helios  Read Replies (2) of 116759
 
Hey Rarebird, hope you don't mind me following you here from over the CUBE board. I use to enjoy your manic posts there. I see that you're playing the wise gold and currency seer over here. Very tut tut and all that. Say I've been thinking that in the long term this argument over paper verses gold will become irrelevant. Money will almost completely disappear as a medium of exchange. Money is and has been needed because you can't easily get paid in grain or cattle and you don't want to take those things to buy a car. But with the vast majority of transactions taking place over networks the money thing isn't really needed is it? People are already getting paid in stock options, add some commodity futures to that and you have a paycheck. Go to the store and buy your groceries with shares of the commodity of choice. You would not have to do any calculations since you would probably be using a basket of stocks and commodities (maybe even a touch of gold) and the transactions would be handled by computer.

What do you think?
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