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

To: goldsnow who wrote (57259)	8/13/2000 2:34:19 PM
From: Hawkmoon	Respond to of 116997

Completely agree goldsnow... But gold doesn't create efficiencies in agricultural productivity, doesn't create superior military technology, and it doesn't create a list of inalienable human rights upon which a government is formed. Gold is nothing more than an easy exit for those with the means and desire to undermine the global marketplace of economic and political ideas. If they don't like what's going on, they opt out by buying gold thus weakening the entire system in total. What should occur is that financial investment should migrate where it will see the greatest returns between national economies. That forces the money to remain "in play" and creates the competitive forces that encourage other nations to alter their policies. After all, gold can be confiscated or put under the control of governmental agencies such as the department of interior. But the ability to convert currencies electronically on a global basis and almost instantaneously strikes me as an incredibly disciplinary mechanism. What truly matters is a nation's ability to create wealth, where no wealth existed before, through the inherent industriousnous that lies in its people and institutions. It should not rely upon discovering wealth, whether it be oil, gold, or diamonds. Regards, Ron