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Strategies & Market Trends : Bonds, Currencies, Commodities and Index Futures -- Ignore unavailable to you. Want to Upgrade?

To: Alski who wrote (4550)	12/16/2004 3:23:34 PM
From: Chip McVickar	Read Replies (1) \| Respond to of 12410

Okay... gold bullion and not stocks... perfect....!!!! Other Thoughts: When currencies uncoupled from gold some 50+ years ago... the various countries involved agreered to back each others currency in the manner to which we have become accustom to seeing... promises...!!! Gold, Silver and Platinum have since trended on.... behaving much like all the other managed commodities. Recently with the advent of certain technology breakthroughs all 3 have risen in their value as a commodity. But the world produces more then enough gold, silver and platinum to meet these demands. What am I getting at....? There's always a "Handle" that Goldbugs attach to gourd their followers on... they have a litany of reasons for all paper currencies to self-destruct. Recently its been the twin deficits and once again the falling dollar...... Such a Big Yawn...!!! Paper currencies are in fact the democratization of wealth, it gives more people the opportunity to gain a better standard of living. Precious metals when used as currencies... are in fact a collar... a throttle... a governor of control, which has been applied by the worlds egalitarian kingships, dictatorial monopolistic regimes, and religious totalitarian organizations to maintain their wealth and power. Concentrating a hard to find, hard to move and a hard to safely protect currency... in the fewest possible hands and in that manner giving to the few the ability to gain wealth. That is the history of gold currencies. Chip