Gold and Silver Juniors, Mid-tiers and Producers Message Board

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Gold/Mining/Energy : Gold and Silver Juniors, Mid-tiers and Producers

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To: E. Charters who wrote (61575)	10/12/2008 5:31:11 PM
From: Claude Cormier	2 Recommendations Read Replies (1) of 78416

EC, Gold is unique. You know its carracteristics. As such it has always been and will always be the best store of value. At some point in history it has been money and currency. It often acts like it. At some point it may well become officially money and/or currency again. But one thing is sure, unless someones find a miraculous way to produce gold from the seas economicaly, gold will remain a long term a store of value. Governments intervention will from time to time influence gold exchange rate with fiat currencies. But as Voltaire said, “Paper money eventually returns to its intrinsic value ---- zero.” The obvious corollary is that gold will endlessly reach new all time highs against all currencies until they died and are replaced. Gold itself is indestructible. There is only one way gold exchange with fiats rate can stabilize, and it is if currencies become no longer fiat..i.e they become backed by gold.

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