i figure gold can be hidden, below ground
General, did grandfather when he was in jail couple times have much use for GOLD? Did he pay LICE ridden assassins not to kill him with his GOLD coin? If not how did he stay alive? IN fact can you share any personal history when GOLD was GOOD for grandfather and not his connections or power of the PRESS and such? He went through couple of hectic political times - when was it he needed lots of GOLD? I read all I can on your grandpa, many things from many places, not one time does it say your Grandpa whip out some GOLD - how he leave such an impact and not have gold panda??
HAHA - below ground - you must have missed recent dicussion about ground gold on mish thread - here the important highlights:
Message 21626849
John Maynard Keynes wrote:
" If the Treasury were to fill old bottles with banknotes, bury them at suitable depths in disused coal mines which are then filled up to the surface with town rubbish, and leave it to private enterprise on well-tried principles of laissez-faire to dig the notes up again ( the right to do so being obtained, of course by tendering for leases of the note-bearing territory ) , there need be no more unemployment and with the help of the repercussions, the real income of the community, and its capital wealth also, would probably become a good deal greater than it actually is."
Message 21629145
Keynes argued that workers suffer from money illusion, thus a greater nominal money supply stimulates demand. Of course, he was correct, but Keynes’s economics in the General Theory is an economics where no real scarcities exist, save for the artificial scarcity created by the determination of people not to sell their services and products below certain arbitrarily fixed prices. These prices were in no way ever explained, but were simply assumed to remain at their historically given level (except at rare intervals when "full employment" is approached and goods begin successively to become scarce and to rise in price). Nevertheless, that quote is taken out of context, as the paragraph following the one quoted by “trotsky” is:
"The analogy between this expedient and the goldmines of the real world is complete. At periods when gold is available at suitable depths experience shows that the real wealth of the world increases rapidly; and when but little of it is so available, our wealth suffers stagnation or decline. Thus gold-mines are of the greatest value and importance to civilisation. just as wars have been the only form of large-scale loan expenditure which statesmen have thought justifiable, so gold-mining is the only pretext for digging holes in the ground which has recommended itself to bankers as sound finance; and each of these activities has played its part in progress-failing something better. To mention a detail, the tendency in slumps for the price of gold to rise in terms of labour and materials aids eventual recovery, because it increases the depth at which gold-digging pays and lowers the minimum grade of ore which is payable."
Keynes always tried to make his detractors look foolish by pointing out their contradictions; the point he is making is that an economist who thinks digging up gold is different from digging up bank notes doesn't know what money is, and probably shouldn't be making any comment.
The future of money is RFID card type technology - NOT GOLD - I promise you this. Friends in the industry working on encryption algorithm stuff to make it very secure. |
