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Strategies & Market Trends : Strictly: Drilling II -- Ignore unavailable to you. Want to Upgrade?

To: patron_anejo_por_favor who wrote (28466)	2/20/2003 8:59:41 PM
From: Jim Willie CB	Read Replies (1) \| Respond to of 36161

paper-based securities are failing, all backed by debt / jw

To: patron_anejo_por_favor who wrote (28466)	2/20/2003 9:37:04 PM
From: habitrail	Respond to of 36161

LOL, I'll pass on the Shania! For most of those 5000 years you point out, one of the big uses of gold has been Jewelry. People desire gold for its color, rarity, identifiability, prestige, etc. Why exactly is gold desired, both as money and as jewelry, over silver, less rare, as well as platinum, more rare? It is a very subjective thing and I think that there is some amount of mystery there worth delving into. So, that's why when someone calls another naive because they mentioned jewelry, that seems like the pot calling the kettle black.

To: patron_anejo_por_favor who wrote (28466)	2/20/2003 9:48:01 PM
From: habitrail	Read Replies (1) \| Respond to of 36161

<<history as mechanism>> I like the aphorism, "history does not repeat, but it rhymes" I see relying on past events and rules of thumb as a poor substitute for positive knowledge about something. If there is absolutely no other choice, but to rely solely on historical evidence, then I will do so, but it always feels like I'm driving through the rear-view mirror. Cargo-cult science is what Richard Feynman used to call it and I think that's apt. Regarding gold, maybe history is the best guide we have. If so, then great. I certainly have not come up with much better, or I would have said so before, but I am still looking for now.