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To: Maurice Winn who wrote (5064)	6/16/2001 9:03:16 PM
From: lisalisalisa	Read Replies (2) \| Respond to of 74559

am aware your good fortune having to do with QCOM. I followed the QCOM thread starting back in the summer of 99' and put all my money (not much) in QCOM due in part to the postings of Marginmike, Gregg Powers and you too. It was my first investment. Regarding the main point of your post, you basically believe then that those looking to gold are looking backwards in time, being uncreative and not looking at what you consider to be more efficient and forward looking solutions as to how we as humans might use, create, and value money in the future? This is a valid argument. I am not sure though that I believe, as you seem to, in our abilities as humans to come to any kind of concerted effort and agreement as to what might constitute value. Perhaps IT will work itself out on it's own and we might have any say in the matter. We shall see.

To: Maurice Winn who wrote (5064)	6/17/2001 8:43:50 AM
From: KyrosL	Read Replies (2) \| Respond to of 74559

>>Shares on the other hand, do not get diluted with new shares going to third parties. Sure, we might issue shares in lieu of payment of $$ to employees, but we are not diluted by others. Try telling this to the Nortel shareholders, who learned the other day that the book value of their stock was reduced overnight by two thirds, because the acquisitions that Nortel engaged in over the last few years, using its stock as currency, turned out to be largely worthless. Nortel wrote off $19 billion of its $30 billion book value. Cisco is in the same boat, and so are most other tech companies. In fact, share dilution of technology companies is far worse that fiat money dilution through CB printing. After all, both CBs and technology companies are led by humans. And, in my experience, the humans at the head of CBs are considerably more conservative and cautious than the humans that lead technology companies. Also, the technology folks have many enticing opportunities to line up their own pockets at the expense of their shareholders, while the central bankers are largely free of conflicts of interest. The record of technology company survivability speaks for itself: few technology companies survive for more than a generation, let alone a century. Kyros

To: Maurice Winn who wrote (5064)	6/17/2001 6:10:00 PM
From: Stock Farmer	Read Replies (1) \| Respond to of 74559

M, I find your perspective perplexing. "I don't want to own money...." This thing you call "Money" is merely a store of value. You can replace your $NZ with your trust in God or with your trust in Cisco or the CEO of Q... or The Rock... Doesn't matter. You own money. And yes you want to. Because otherwise one day when your capacity to consume overtakes your capacity to produce then you will either begin to suffer and starve, or you will exist as a parasite on some nation state somewhere. And such a day is likely to come. Just because it happens to be stored in the vaults of a memory chip somewhere doesn't at all diminish the fact that you have accumulated stored value. Money. An intermediate medium of exchange that serves a useful purpose in the exchange of goods we call "commerce". How many oranges is a supertanker worth anyway? And can you consume those oranges before they rot? Money is merely a store of value. You can choose whatever store of value you'd like. Hopefully it will be liquid, fungible, easy to transport and widely recognized beyond the borders of your village. But don't kid yourself that it will be safe from "dilution". I don't know whether you've checked the number of Cisco or Q or INTC or... share certificates outstanding, but they have been nicely diluted. Extrapolate over the next 100 years and perhaps you will see how adult these children who guide our treasuries really are. And forget numerical dilution. You can buy a lot fewer oranges or supertankers or whatever for the same number of XYZ shares today than you could this time last year. Fill in the blank for XYZ. It could be bills or electrons or precisely smushed small pieces of metal alloy. Or maybe seashells or beads or even the fossilized doo-doo of some long extinct bird. But you want it! You want money! John