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Pastimes : Clown-Free Zone... sorry, no clowns allowed
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To: John Pitera who wrote (98381)4/27/2001 5:12:36 PM
From: frankw1900  Read Replies (1) of 436258
 
John Piterea:

Gold is not somebody else's obligation.
If it does not have an obligation, how can it be money?

It has its own inherent value.
So what is that?

Gold is scarce, indestructible, divisible and can thus be useful to use as money. But there's not much of it and in a world of billions of people we need lots of money. US $s are good that way.

Should take profits from gold stocks. There's not much inflation these days.

Frankw
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