Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Politics : Dutch Central Bank Sale Announcement Imminent? -- Ignore unavailable to you. Want to Upgrade?

To: Mark Bartlett who wrote (6627)	6/22/1999 11:28:00 PM
From: Hawkmoon	Respond to of 82047

Using your logic, since oil is finite, (and according to you gold is not ie., we still have the first ounce ever mined) then those that own oil should not be selling it - it's too valuable. Mark, I don't put oil in a bottle and let it sit upon my shelf for me to admire. Oil is worthless as Jewelry (unless your into accessorizing with plastic bobbles). Were scientists to bring Fuel-Cell technology to full commercial viability, oil would suffer the same fate as copper (which is being replaced by fiber-optics. And the problem for gold is that its industrial uses are hampered by its exhorbinant price and it may find its current industrial uses replaced by other non-corrosive, durable materials. That leaves jewelry, gold coins, and whatever other little trinket the gold perveyors can dream up. What are they going to do after Y2K?? What will be the next major "financial breakdown" they threaten the consuming public with?? And what happens when folks realize that in a Y2K induced recession, cash, not gold, is ultimately king. Gold may temporarily glitter as fools mistake it for cash, but then they will sell it and go back to their readily acceptable paper security. Then you will find even more pressure on the gold market as the coins get sold off for a loss. Regards, Ron