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To: LLCF who wrote (39440)6/13/2000 3:40:00 PM
From: SeaViewer  Read Replies (1) | Respond to of 42523
 
AG is doing his best to replace it with US dollars.



To: LLCF who wrote (39440)6/13/2000 3:56:00 PM
From: Tommaso  Read Replies (2) | Respond to of 42523
 
There are actually certain rare seashells that might work better than gold. It would be easier to take them through customs and they would be less likely to be stolen.

I find that the gold I own is more of an impediment than either a store of value or a medium of exhange. I am afraid of setting off metal detectors at airports if I carry it--and maybe having to explain to some official what I am doing with it. At one point when I had a profit on some gold, I thought about driving it to Canada to see if I could sell it anonymously there, but I did not.

Do you in fact own physical gold, and have you ever sold any of it?

By the way, "fungible" does not mean "convertible." It means something that can be divided into any amount and that equal amounts are equal in value. Gold and driveway gravel are both fungible because a bucket of each is the equivalent of any other same-sized bucket of each. Automobiles are not fungible because half of a car is not worth anything. Neither are dogs and cats--except maybe in large quantities. Cattle come closer to a fungible commodity--and hamburger definitely is fungible.