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.

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

To: Crimson Ghost who wrote (67303)	4/7/2001 2:40:04 PM
From: Hawkmoon	Respond to of 116786

I was wrong in classifying you as a gold perma bear Certainly not... I just realize that gold has its specific place in the global financial system. And is a default system that the world would regress back to, namely the gold standard. But that requires the current system to fail, and few sane individuals desire the political and financial turmoil that would result. That said, my opinion on gold is that I would like it to be priced solely upon value assigned it by industry and the jewelry sector. I don't believe it has any true benefit except as a backstop in case the current system utterly fails. So if gold rises as a result of some increase use by industry, or the fact that people have more discretionary income to spend on jewelry, then I'm all for it. Just don't make some kind of a financial statement out of it, like "inflation is soaring". I'm certainly not for praying for the current system to self-destruct just to make gold rise to satisfy the GBs. Regard, Ron