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

To: sea_urchin who wrote (63564)	2/9/2001 12:06:03 AM
From: Claude Cormier	Read Replies (1) \| Respond to of 116795

<I don't see the benefit which gold has as a short term means of exchange. > How about: 1) the fact that gold currencies payment do not need to clear. The transfer of the asset is instant.... performed in micro-seconds. No matter where you are on the planet. 2) Much lower fees than credit cards. 3) the currency is backed by an asset... not credit 4) Payment are non repudiable (very important for merchants) 5) Gold currencies cannot be debased. <But then, who is to say the value of gold will be stable?> History shows that gold has been the most stable of all currencies. Just in the last 15 years, look at the currencies that have gone down down.. Just because the USD has been good for the past few decades..doesn,t mean that it will be in the next few decades. <The price of gold could be more volatile than the relative value of the currencies!> Volatility ...for sure. But in the long run stability. If there is volatility it is only because our governemnts lack monetary discipline either way. C