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Politics : Welcome to Slider's Dugout

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To: maceng2 who wrote (8421)	3/16/2008 2:18:52 PM
From: dvdw©	Read Replies (2) of 50725

While I enjoyed your charts they convey specious information. Golds value is its scarcity and its utility at a particular time. Gold could be far higher than it is, but due to its inherent scarcity, its purchasing power is negated by the economies needed scale, for demand transactions. You would have to nano particalize this commodity to achieve currency utility....which i've always said could be a solution to gold bug fear. The gold market is fairly small (actually its really small), ive shown that before compared to farm land. Those holding gold are free to embrace the gold attitude, that comes with it, but too embellish its utility as purchasing power is specious. suppose a comfort....but recognize it is but a psychological phenomena. Post script; You also said Savings that the scamsters cannot steal, except by physical force. They already have and you know this.it was a fiat mandate or some such recall in the Nations interest, it could happen again meaning you would be denied the Saved value you psychologically thought you had.

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