Booms, Busts, and Recoveries Message Board

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Strategies & Market Trends : Booms, Busts, and Recoveries

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To: TobagoJack who wrote (16262)	3/5/2002 10:16:59 PM
From: AC Flyer	Read Replies (3) of 74559

Jay: >>the one and only true money<< You know, I more or less agree with you on this. The problem is, it gets easier to print it (i.e. costs less to mine it) every year. It's no different to any other "money" in that respect - it is debased a little more each year. The essence of the goldbugs' hopes and dreams is that someone will f*&k up really badly in the fiat or political world and cause a gold buying panic. Unfortunately, the reality is that life gets better every year. With the US recovery and the productivity/China/CDMA boom that is about to resume full force, holding gold just doesn't look that attractive compared to buying the US and Chinese stock markets.

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