Hello russwinter, <<Is gold a liquidity investment (commodity) or does it have "special" powers of the kind you've laid out?>>
On gold’s relationship with money, I think money is:
Message 16152511
July 31st, 2001
… Money is like water ... it flows, pools, rises, boils, evaporates, bursts, floods, and freezes. Humans try to dam it, guide it, use it, for good and evil;
I think gold is also like water, in that it undergoes phase change at different price points:
Commodity at USD 250/oz
Insurance at USD 300/oz
Money at USD 350/oz
Hedge at USD 400/oz
Call option at USD 450/oz
Desired at USD 500/oz
Sought after at USD 550/oz
Wonderful at USD 800/oz
Fantastic at USD 1,000/oz
Must have at USD 1,200/oz
Wet dream at USD 1,500/oz
Dangerous at USD 1,800/oz
Sell at USD 2,000/oz
All over at USD 2,500/oz
As good as dead at USD 3,000/oz
Short at USD 5,000/oz
Chugs, Jay |
