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 Price Monitor -- Ignore unavailable to you. Want to Upgrade?

To: The Barracuda™ who wrote (84487)	4/17/2002 10:47:04 AM
From: Don Lloyd	Read Replies (1) \| Respond to of 116820

x2 - I've come to the conclusion that no paper currency can be backed by gold permanently. The gold backing will be valueless until its needed, but the need will be caused by improper govt. behavior which will lesson the likelihood that the currency will be redeemed The US dollar was backed by gold (sorta) until Roosevelt repudiated it... As per Mises, the ONLY significant virtue in any gold standard is the difficulties it tends to create for governments that want the ability to inflate the supply of money without bound. That single virtue, however, is decisive. Regards, Don