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


To: E. Charters who wrote (69211)5/15/2001 3:41:14 PM
From: Zardoz  Read Replies (1) | Respond to of 117011
 
E-># I think you will see that gold, and not cows is closer to where we want to go. Bear in mind I am not trying to iconize gold. I am saying that of 92 elements and billions of compounds, it is of practical use in the money world that wants a comparator that is neither too necessary nor too common to be used as an index. If we used dung for money it would be too common. Would not store. Everybody could make the same counterfeit.

118 known elements, like you many are short lived {haha}. Gold is by no means applicable as a money system or even as a basic currency. It simple is dwarfed by the monetary basis of nations. To try to divide 1/1,000,000 of an ounce into a few atoms to buy a candy bar is laughable. To have a currency back by suck an amount of gold is also not applicable, since the Swiss have tried that for years. Gold is best served as jewelry.

Hutch