An obscure ZIM in Africa traded Down Under Message Board

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Gold/Mining/Energy : An obscure ZIM in Africa traded Down Under

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To: TobagoJack who wrote (66)	7/27/2002 6:09:12 AM
From: Maurice Winn	Read Replies (1) of 867

Jay, perhaps my investigating gold and calling it the equivalent of stamp collecting, Amway multi-level marketing and the Masons demoralized the market. Which I can understand and I regret any undue impact on your fortunes - I hasten to add that gold is a perfectly innocent metal, like lead, mercury and iron. One of the other things I wondered was if everyone used gold as the official monetary system, how much gold would each person have? 6 billion people divided into all the gold in the world = how many ounces of gold would we each have? Then, we can assume that half of them wouldn't have any, so the other half would have it, so how many ounces for 3 billion people, on average? At $300 an ounce that would be how much in US$? My guess is that there isn't enough gold to form a currency for everyone, even if it wasn't a crazy idea to use a metal as money. It's the era of software and cyberspace and money doesn't need to be based on base metal when there are $$trillions in shares and other assets which could be softwared into currencies as reliable stores of value and fully tradable. It seems we have a re-run of the Labour Party as government for another 3 years. Shall keep passport, credit cards and airport handy... Mqurice

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