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 and Silver Mining Stocks -- Ignore unavailable to you. Want to Upgrade?

To: jpthoma1 who wrote (2081)	9/13/2001 11:13:23 AM
From: Claude Cormier	Read Replies (2) \| Respond to of 4051

JP, <The only time gold was stable (and secured) is when it's price was fixed! > I see it that gold is the standard and it was the USD that had a fixed value. In my view, the best money in the world is the one that is the most stable, most durable, that cannot be tampered with, that survive the passage of time. If your grand grand-father had dig a hole in your backyard several decades ago and bury two chests, one with a kilo of gold and the other one with the equivalent amount in dollars at that time, which one of these two chests would you be eager to find Can I suggest that if today you bury two chests containing again the same amounts of gold and dollars, your grand grand childs would be looking for the same chest in a hundred years from now as you would do today The basis for a monetary system should be the best money around: gold. I am suggesting that this will happen thanks to the new ability that the electronic age is offering to us. The ability to divise gold in micro-amounts and to transfer these amounts at will, to anybody, anywhere in the world. Paper currencies will be gone in the next couple of decades and the world will use digital currencies only. At that time, which digital currency will you be using... the one that has some gold backing or the fiat digital currency that still rely on a promise to pay by some governements. I have no doubt, gold will come back as a world currency.