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Gold/Mining/Energy : Gold Price Monitor

GDXJ 96.06

-1.4%

Nov 17 4:00 PM EST

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To: long-gone who wrote (86329)	6/3/2002 11:25:58 PM
From: Don Lloyd	Read Replies (2) of 116762

l-g, I wasn't disagreeing with you, but making an observation that the characteristics of money have changed over the history of gold. Almost all of the characteristics that made gold the premier choice of money when money was a vital medium of exchange are no longer of significance. Gold is still the best choice for money as a store of value, for the sole reason that it is relatively difficult and expensive for governments to inflate in supply. ...While most will agree that an absolute strict gold standard lacks growth potential provided by endless credit & printing presses gold has (again) proven itself another form of money.... I can't be sure exactly what you mean by 'growth potential' here, but if it is quantity of money, that is both undesirable and unnecessary in money. Regards, Don

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