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Gold/Mining/Energy : Precious and Base Metal Investing
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To: Valuepro who wrote (38983)11/6/2007 9:16:51 PM
From: pogohere  Read Replies (1) of 39344
 
"Gold IS money and has been for 5,000 years, despite episodic instances of regionally affected variances in it's valuation as compared to other things.

...not just my opinion. Real history."

Don't think so. Show us some real history with sources. Not just arguments, but history within a context that shows the forces at play.

The Austrian school adherents claim the same thing, but they shy away from "real history." For example, they dispute by logical argument alone Ben Franklin's analysis of money instead of dealing with the situation he faced in colonial Pennsylvania when there was no money in circulation. The fiat created by the colonists worked quite well. That's why the English banksters hated it.

As well, the US Greenback worked very well during and after the Civil War. It was the banksters that forced its conversion to gold and caused economic misery.
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