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: IngotWeTrust who wrote (2518)	10/6/2001 11:45:18 AM
From: Claude Cormier	Read Replies (2) \| Respond to of 4051

Dear friend, I have no doubt that the way you proceed make sense for you .. and it works. But this is not possible on a large scale. $35K is a small amount and you can afford to carry the few kilos. But where to you keep you wealth if you have 10 times or 100 times that amount. How would you buy a 300 appartment building this way. The major problem is assaying your stuff. On a small scale you may have solid relationships already build with your network of merchants and customers, but on a grand scale, this is a major problem that would slow down transactions. Sorry, I still can't see how owning physical gold can make sense on a global large scale basis. On the con's you enumerated about the security of the network. You are certainly right that these are threats that exist. But they are temporary threats that are very unlikely to happen. The web has a lot of redondancy and more is beeing built. In the 7 years I've been using the web, I never had that service denial you suggest for more than a few hours. True, I live near Montreal in North America... but again, as I said, there is so much capacity and redundancy that have been built and are still beeing built that there is only one conclusion one can reach: It is the way of the future, despite the risks. P.S. Yes please, show that second picture !!