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Gold/Mining/Energy : Gold Price Monitor -- Ignore unavailable to you. Want to Upgrade?

To: Don Lloyd who wrote (86325)	6/3/2002 5:08:40 PM
From: E. Charters	Read Replies (1) \| Respond to of 116762

Chicken feathers it is. I am applying for my chicken feather card right now. You seem to be arguing for fuzzy value like mathematicians argue for fuzzy logic. But I find that fuzzy banking is hard to do. If anything banks are getting harder to deal with and less crediting, not easier. They view the high liquidity low savings economy and credit crunch as cutting into their assets balance and they no longer want to maintain what are really just household payment accounts. I advocate less credit (for many who are losing on it) not more. Credit is entirely subjective, but banks have tried to make rules of it, which filter down to prejudice in favour of cash flow wage earners. There is very little credit for real property, gold, business, accounts receivable or business or intellectual property assets. Just try borrowing money for a business on orders. Good luck. Most small to medium businesses today run on deficit to the bank, and operate hand to mouth. If they know their banker well, they can get by. If they think they can borrow on a theoretical basis in the general market, they are dreaming. No way you will start or restart a business on that basis. You need street capital. If you think the Venture Caps people are the answer, again your dreams would make a good movie, but you are in need of a bull market and a bullshit story and lots of bribes. And be prepared to die in the market or have some grade 10 psychopath on your board fire you from your own company as he owns all the stock. Credit it seems may never change. We have lots more liquidity and wicket based electronic immediacy today, but there is no organized rule based valuation system for the credit system you are talking about. Nice if it existed or could exist, but it needs development. There are people who are trying to get payment and credit systems developed that give the customer such latitude, but they are in a wilderness of being squeezed by the conventional chartered system, and customer ignorance. Someone wants to charge 19 cents per transaction, do electronic banking and let you build credit? Who needs it? I will continue to pay 0.50 to 1.50 a transaction and 80 dollars a month and never get any credit. As I mentioned in a previous post, we know of one group that is looking for funding for just such a system, and they are going wanting. What is high time is not seen. EC<:-}

To: Don Lloyd who wrote (86325)	6/3/2002 11:07:41 PM
From: long-gone	Read Replies (2) \| Respond to of 116762

But Don, not sure you didn't miss my more broad point. Despite all efforts to effect its monetary status destruction, Gold has proven itself a money. While most will agree that an absolute strict gold standard lacks growth potential provided by endless credit & printing presses gold has (again) proven itself another form of money. Moreover, be the invested party an individual, a company, a retirement plan, or YES, even an entire nation, diversification of assets needed and a portion of those assets should be in several currencies & precious metals - and gold has fallen back into both groups a commodity and & monetary unit. Funny thing is, if one follows charting, looks as if silver is regaining a monetary status as well - but I'm not yet willing to declare that as fact.. Next, take one final step along this line & you'll agree those who attempted the folly of the most recent monetary destruction of gold were not just misguided but also morally corrupt, no, they(the Clinton administration) were morally bankrupt! OURS IS NOT NOT & HAS NEVER BEEN A COMMAND ECONOMY! THIS IS NOT A COMMUNIST NATION!