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.

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

To: marcos who wrote (26935)	1/6/2003 4:12:58 AM
From: Maurice Winn	Read Replies (1) \| Respond to of 74559

Marcos, whether you own the lump of metal or just hold a representative piece of paper, or share certificate of the digging company, you are using your hard-earned money to pay people to dig up some metal then bury it again, guard it, move it, insure it. It seems mad to me. The redeeming merit is that people do use gold for various things - baubles, teeth, electronics, rust proofing, boasting. So it does have a purpose and is worth digging up since some of those purposes are best served by gold. But there's enough above the surface to supply quite a few years of usage, so the blokes could lean on their shovels for a few years and have a rest instead of digging now. Or, they could go and do something useful while they wait for existing stocks to be used. Mqurice