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Gold/Mining/Energy : Non Politically Correct Gold and Resource Stock Discussion G
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To: Bearcatbob who wrote (1)2/20/2005 3:49:19 PM
From: Claude Cormier  Read Replies (1) of 180
 
< see gold and oil as commodities that go through cycles >

Well that means you deny gold traditional role as money. Just because it has been absent from the scene since 1971 in the US doesn't mean that its monetary role has been extinguished.

Could it be that we are just witnessing another reversal that will see gold monetary role increasing over the next 35 years.

After all, there is ample evidence that paper currencies cannot work in the long term. They are OK for a while but then abused by most governments.
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