Mish's Global Economic Trend Analysis Message Board

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Strategies & Market Trends : Mish's Global Economic Trend Analysis

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To: mishedlo who wrote (98867)	6/24/2009 1:32:03 AM
From: Hawkmoon	Read Replies (2) of 116555

Gold is money because it acts like it regardless of how much governments try to make it not so Completely understand.. we just disagree. Anything can be money.. Stone rings, beads, shells, jewels.. and even animals.. etc. We still have tribes where a man's wealth is determined by the number of camels, sheep, or cattle they possess and they are utilized for trading. Oil even acts like money.. When the dollar is strong, oil often retreats. When the dollar is weak, oil often climbs in value. I just think money should ultimately be valued based upon the economic productivity of the people/nation it represents. And I never forget the history lesson of the Spanish conquest of the Americas that ushered in one of the greatest periods of hyper-inflation in the history of Western Civilization. Hawk

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