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Strategies & Market Trends : Booms, Busts, and Recoveries -- Ignore unavailable to you. Want to Upgrade?

To: maceng2 who wrote (24448)	10/22/2002 3:39:36 PM
From: Don Lloyd	Read Replies (1) \| Respond to of 74559

Pearly, Good. A currency backed by a store of value, i.e. has a set intrinsic value, is the way to go. It can't happen, no matter what you choose. All economic values are subjective. There is no such thing as an intrinsic value. No matter what you choose as a store of value or future purchasing power, you are at the mercy of needing someone to exchange for it in the future. To come out ahead, or even breakeven, you need to buy something when it's unpopular, and sell when everyone wants it. There are no guarantees. Regards, Don