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To: Maurice Winn who wrote (27076)1/7/2003 9:07:27 PM
From: LLCF  Respond to of 74559
 
<30,000,000 kg = 1,000,000,000 ounces [more or less] = not even an ounce per person on earth. Therefore, it cannot ever form the money supply for people. >

With electronic ledgers it's more than enough, especially when increasingly pixelated in CDMA phragmented photons. I don't think even a goldbug would expect much if any to actually circulate.

<Wow, if central banks realize there's no more point holding gold than holding any other asset, and they decide to unload, it won't be good for the gold bugs waiting for the second coming. >

They've been doing it for years.

DAK



To: Maurice Winn who wrote (27076)1/7/2003 10:42:17 PM
From: Hugh A  Read Replies (1) | Respond to of 74559
 
Gold is a medieval anachronism...

And your appendix is an evolutionary anachronism - but you still have yours, don't you!

HA ;o)