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Pastimes : All Clowns Must Be Destroyed -- Ignore unavailable to you. Want to Upgrade?

To: Tommaso who wrote (39418)	6/13/2000 3:00:00 PM
From: LLCF	Read Replies (1) \| Respond to of 42523

< By definition, money is the most liquid asset that can be readily exchanged for other goods or services, whether it's cocoa beans, wampum, cigarettes, cowrie shells, or Krugerrands. Gold does not perform that service any more than any of the other items in that list> Exagerated... sorry.

To: Tommaso who wrote (39418)	6/13/2000 3:03:00 PM
From: pater tenebrarum	Read Replies (2) \| Respond to of 42523

and yet its price movement is closely tied (i.e. inversely correlated) to that of the paper money in which its price is expressed, the USD. so it trades like any other currency. if it were truly demonetized that would not be the case. in that case it's price would fluctuate according to industrial demand and available supply. however, that is obviously not the prime cause determining gold price fluctuations. silver is probably demonetized by now...clearly it is mostly an industrial metal. funny enough, the price of silver also seems artificially suppressed. i conclude this from the fact that a decade long supply/demand deficit has brought global stock piles to a multi-decade low, and the price has still not responded with a rally. in 1980 when it briefly touched $50 oz., the stock piles were much larger than now.