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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum
GLD 386.87-0.1%4:00 PM EST
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To: TobagoJack who wrote (51813)6/28/2009 11:37:09 PM
From: Maurice Winn2 Recommendations  Read Replies (2) of 218159
 
TJ, it's not so much that gold at US$10,000 in 2007$ is crazy [or 2009$] but that it would drive people into crazy behaviour. Gold mining would become one of the world's big industries.

<gold at 10k us$2009 may be crazy, but gold had worked, is working, and will keep on working >

In the good old days, Spanish galleons went hunting gold-toting ships and raided Aztecs for their gold. Imagine if they had taken 450MHz CDMA/OFDM to drive Smartbooks and cyberphones with Mirasol screens and ethanol fuel cells instead of muskets. They could have swapped those cheap little devices for galleon loads of gold and wouldn't have needed to murder hordes of Aztecs for their gold.

Cortes and co could have set up in cahoots with the Aztecs and become the world's great civilisation.

But gold was the mindless mantra in those days, not CDMA. Some think gold should again, [or will again if not should], become the world's money. Life was red in tooth and claw = a dog eat dog world of conquest and slavery with wealth not far off a zero sum game among hunter gatherers based on territory and found resources such as gold.

Gold at $10,000 [$2007] would help return us to those Aztec days. Or, perhaps I should write, a return to those Aztec days would see gold at $10,000.

Mqurice
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