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Strategies & Market Trends : MARKET INDEX TECHNICAL ANALYSIS - MITA
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To: Chip McVickar who wrote (9736)1/11/2002 11:33:58 PM
From: Square_Dealings  Read Replies (2) of 19219
 
<It has no store of value as a basis for a currencies value. >

Then why have billions of dollars been borrowed with gold as collateral? I find it amazing that people still believe the old bullion bank party line. "Gold is not a store of value, but let us loan you a few million dollars as a loan against it."

When the debt avalanche comes crashing down we will see what gold is really worth.

M.
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