Strictly: Drilling and oil-field services Message Board

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Gold/Mining/Energy : Strictly: Drilling and oil-field services

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To: Tommaso who wrote (90087)	4/16/2001 1:39:20 PM
From: SliderOnTheBlack	Read Replies (1) of 95453

re: "You may be right, but the technology for gold mining produces the stuff cheaper and cheaper, and once it is produced, very little of it gets consumed." First & foremost: Gold IS Money. Secondly; I think more gold gets consumed than "fiat paper" and gold-money is certainly more expensive to produce than "fiat-paper money" ~ and it's not merely a matter of cranking up the presses to "make more"... Tic - Toc ... it's now all about "how much you got" - no longer about Got Gold ? PS: The US dollar has lost 80% of it's purchasing power in just the last 20 years. Not bad returns for out little "FIAT" experiement now was it (roflmao) ? ...kind of makes the term "King Dollar" an oxymoron doesn't it ?

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