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Pastimes : CNBC -- critique.
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To: MangoBoy who wrote (2683)5/21/1999 11:58:00 AM
From: Ian@SI  Read Replies (2) of 17683
 
To thread,

I believe we've been witnessing the "de-monetarization" of gold.

When this happened to Silver, it took a century for Silver to regain any value.

Expecting Gold to resume its former role as a monetary standard is unrealistic.

Expecting it to be a hedge against inflation during the demonetarization process is foolhardy.

JMHO,
Ian.
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