Technology Stocks & Market Talk With Don Wolanchuk Message Board

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Strategies & Market Trends : Technology Stocks & Market Talk With Don Wolanchuk

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Jan 16 4:00 PM EST

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To: Chip McVickar who wrote (16703)	6/30/2004 12:01:28 PM
From: dvdw©	Read Replies (2) of 207859

Hi Chip; your post said "A few a disaster prognosticators think the world wide monetary system will end shortly in favor of a gold standard." Just keep this in mind, the need for capital by GE Corporation over any 18 month period is larger than the World Gold market. Forget everyone else on the planet, thats GE alone. With this in mind, God forbid that a kid in Ecuador would ever have the cash to buy so much as a shirt! The need for supply of currency, will never be met by linking it to gold. No, any attempt to link Gold to the monetary system is BOGUS. Golds value is totaly linked to asset price inflation. This may make Gold a solid investment, but all attempts to link Gold and currency went out the window in the early 19th century....when economies of nations were disparate. As a caveat to the above comment Gold could be nanoized and threaded into currency creating a hard money claim, this action would create new demand and sustain the linkage arguments, but it is the ONLY way. ( nano ized means shrinking every ounce to billions of particles to increase supply utility)

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