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Gold/Mining/Energy : Silver prices

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To: TD who wrote (723)	2/15/1998 8:48:00 AM
From: Tommaso	Read Replies (3) of 8010

I wonder if you would mind explaining clearly why there should be much of a connection between a dating problem on some computers and the prices of precious metals? All I can see is that there is a vague premonition that at the year 2000 money will become useless because of some computer problems. Since paper money and checking accounts were working just fine for a century before the invention of the computer, it's hard to see the logic. When all the banks were closed in the Depression, cities paid workers in scrip, which was ad hoc paper money printed almost overnight, and this scrip was immediately accepted for things like a cup of coffee. Human beings are much too imaginative to be stopped from their daily activities just because a computer is too stupid to know what day it is. A Krugerrand or even a silver-clad quarter would probably be less useful than just a postdated check or even an IOU. On the other hand, there seems to be a very real shortage of physical silver needed for commercial purposes. This is what is driving the market. The so-called Y2K problem is somewhat like a possible attack by flying saucers.

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