SI
SI
discoversearch

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.
Gold/Mining/Energy : Gold Price Monitor -- Ignore unavailable to you. Want to Upgrade?


To: long-gone who wrote (36025)6/28/1999 11:15:00 PM
From: Hawkmoon  Read Replies (4) | Respond to of 116753
 
Is any liberty more basic than that of a free market? The idea of "fair market", friends, is not valid, as one would first have to answer "fair to whom?". That for which we ask is rather a free market.

Thanks for quoting from Jefferson's handiwork...

The problem you and so many other gold lovers face is the inherent contradiction of gold.

If gold is a currency, then the Federal Reserve has the right to control its production and price as it sees fit, just as it does versus other world currencies.

But if gold is a commodity, then its obviously manipulation of markets.

All of the world's central banks buy and sell each other's currencies on a daily basis in order to maintain target zones specified by national policy economic conditions.

Why should they feel compelled to treat gold any diffently so long as you and others claim gold is a currency??

You can't have it both ways.

Regards,

Ron