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Gold/Mining/Energy : GOLD-XAU
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To: Don Green who wrote (836)12/22/1997 10:35:00 PM
From: lorne  Read Replies (1) of 1756
 
Hello Mr.Green
May I ask if you do not beleive in the value of gold, do you then
believe in the value of the dollar or in some other value.
I find this gold --paper currency thing very confusing, look at what is happening to Asian paper currencies they have lost stability and lost
a great deal of value and it looks as though it will spread to the rest of the world currencies.
Gold on the other hand has not lost its value in thousands of years.
What I find confusing is when the price of gold is set in terms of paper
currency, it seems to indicate to me the condition of the paper currency and not the value of gold.
If paper currency is not backed by gold or some other asset it has no real value other than the word of some central banker or a politician.
Just seems to me that the value of gold has not changed over the years but its price in terms of paper currency has changed often.
I also feel that the value of gold provides some independence for the
average person whereas paper currencies backed by the good word of central banks provides a kind of dictatorship.
I just feel that at some point the dollar and gold must somehow come together.
These are some reasons why I think the price of gold in terms of the
dollar will come back at some point I also agree with you that it could go much lower but in the end it will come back.
So which way to go, paper or gold I gotto go with gold.
Good luck
Lorne

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