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To: Maurice Winn who wrote (14767)2/10/2002 4:38:12 AM
From: LLCF  Read Replies (2) | Respond to of 74559
 
<Your point is why I believe the Q will take over from even Uncle Al's mystical, magical, money. Something which removes the government's ability to arbitrarily inflate while costing nothing to produce or transact and being totally secure. Not a bad currency!>

Buuzzzzzzzzzzzzzzzzzz... no sorry Mq, wrong answer! Much too hard to value a business which is ever changing for currency purposes. Read up on currencies fungibility, etc.

DAK



To: Maurice Winn who wrote (14767)2/10/2002 5:45:56 AM
From: Don Lloyd  Read Replies (1) | Respond to of 74559
 
Maurice -

Don, true, but if the political will to maintain a solid currency is maintained, the cost of the currency becomes important. That's why the US$ is so tough and trusted. It costs nearly nothing to produce, is backed by a mystical incantation "In God We Trust" [and Uncle Al], but is the most popular currency on the planet [other than family relationships and trust]....

If the political will is maintained, this would mean that no new money is created. Of course, paper money wears out in a couple of years and needs to be replaced, while gold is forever. Money itself, as a concept, is not consumed, acting as a lubricant or catalyst to exchange.

Regards, Don