Hi Maurice, between this from CB ...
Message 16850359
<<Gold is money, a store of value, it's not an investment, IMO>>
and this from CB ...
Message 16867177
<<Gold is a commodity, IMO. Trading gold for goods and services isn't different in any way from barter conceptually ... The owner might be willing to deal, but you'll have to haggle>>
I believe the case has been made that gold is a speculative store of value, a flavor of money, but requires haggling over the exchange rate. Given that gold mines produce this money with no political boss answerable to electorates, and total cost of production is USD 270 or there abouts, the mines are thus worthy of some investment interest, and the money itself, at cost of same USD 270, is also of some speculative interest, especially by the so far exceptional cases of Argentina, Turkey, Russia, Thailand, India, Japan, Korea, ..., surviving Aztecs, surviving Global Star investors, Enron pensioners, and soon China.
Exception list is getting longer:0)
Chugs, Jay |
