Gold Price Monitor Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Gold/Mining/Energy : Gold Price Monitor

GDXJ 100.15

+0.3%

Nov 25 4:00 PM EST

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: RiceTrader who wrote (88647)	8/9/2002 9:14:13 AM
From: E. Charters	Read Replies (2) of 116765

Take a look at the constant dollar price of gold for 400 years. Then take a look at real estate price and tell me about constant value. Real estate can be a wasting asset or change in price violently in a short period. It is also taxed and requires upkeep. It cannot be funged as gold can. fungible? A lot of times real estate cannot be sold at allas no one has the money in cash. As well, its upkeep is in dager from interest rates. Paper is a convenience. Don't overrate it. It does not replace what it purports to pay. With gold money you would still exchange credits by paper. Gold could still float too. There is no point in pretending that with gold backed currency you would not still have some inflation. But currency would not be in danger of catastrophic collapse. Printing of money could still be cranked up when needed. A gold backed currency would limit or keep track of the amount printed. Another way of doing this would be to limit the amount banks could loan on deposit to say 10 times. We had the Industrial revolution during a period where banks could only loand 4 time their depositary amount. This ration was decided in ancient times when money was much more stable and oft traded in silver, gold and jewels. It is strange indeed in much more liquid times that with money being created at 20 times what is deposited that there are not more runs on banks and bank failures. EC<:-}

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next