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Gold/Mining/Energy : Gold and Silver Mining Stocks -- Ignore unavailable to you. Want to Upgrade?

To: jpthoma1 who wrote (2085)	9/13/2001 1:55:55 PM
From: Claude Cormier	Respond to of 4051

<Claude, as long as you use money as a mean of exchanging wealth, and only that, you don't need any gold backing.> The problem with fiat currency is not a short term problem. As a short term mean of exchange thet are adequate. The problem is long term. Fiat (non-backed) currencies are all debased over the long term and their value trend towards zero. <But, you should never acumulate wealth in the form of money. > They say never put all your eggs in the same basket. Gold is not the largest portion of my whealth piramid. But it is the largest portion of my money savings.