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.

Pastimes : Clown-Free Zone... sorry, no clowns allowed -- Ignore unavailable to you. Want to Upgrade?

To: patron_anejo_por_favor who wrote (5491)	7/25/2000 11:40:44 AM
From: No Mo Mo	Respond to of 436258

Muchas G's, Patron- It sounds like the gamble here is: Since gold has been the "go to" in the past, it very likely will be once more. Doesn't jive with "New Economy" dogma so well... And as for..."People (for better or worse) tend to respond more forcefully to pain..." Sad, but true. I know I'm not telling you or anyone on this thread anything, bujt every recovery from slowdown, collapse, BK...etc; guarantees more painful retribution. Just my opinion as well, but the pendulum, she swings both ways. -Darin

To: patron_anejo_por_favor who wrote (5491)	7/25/2000 2:28:56 PM
From: Thomas M.	Respond to of 436258

The main differentiating point between gold and fiat currencies is that the intrinsic value of gold cannot be altered by the hand of man, ie, by printing more of it as has frequently happened throughout history with paper currency. That isn't exactly true. The worldwide supply of gold and silver is increasing constantly, due to mining efforts. For example, between 1500 and 1800, the supply of silver in Europe increased approximately 800%. Granted, this was a bit of an anomaly, since this coincided with the discovery of North America. Your main point stands, however, that gold is finitely limited in its supply, whereas fiat currency is not.