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.

Pastimes : Clown-Free Zone... sorry, no clowns allowed -- Ignore unavailable to you. Want to Upgrade?

To: Haim R. Branisteanu who wrote (124748)	9/21/2001 4:08:17 PM
From: John Graybill	Read Replies (3) \| Respond to of 436258

Diamonds are a poor example -- their price is artificially maintained by the DeBeers cartel; "fake" diamonds can be manufactured as big as basketballs and cannot be distinguished from "real" diamonds except at the atomic level, etc. I believe that most precious stones can be manufactured from their component elements as well, in quality and characteristics distinguishable from the real thing only by experts.

To: Haim R. Branisteanu who wrote (124748)	9/21/2001 5:26:37 PM
From: pater tenebrarum	Respond to of 436258

Haim, i recommend checking Wanninski's articles on the subject...but in short, last i heard, gold is the monetary metal, and always has been. that's one of the reasons why not diamonds. the theory behind this is that gold remains the best barometer of monetary inflation/deflation. if you're in deflation, devaluing against gold is helpful because eventually, all other prices will follow gold, thus ending the deflation. Japan's consumer price index is now plunging for 24 consecutive months - thus, high time to devalue the Yen vs. gold. as a side effect, holding more gold would make the outstanding fiat paper a little bit more honest.