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 : 2026 TeoTwawKi ... 2032 Darkest Interregnum -- Ignore unavailable to you. Want to Upgrade?

To: elmatador who wrote (3086)	1/3/2006 1:36:09 PM
From: pogohere	Respond to of 217927

Will the moneyed class in Brazil buy gold? How do you think the real will fare in '06?

To: elmatador who wrote (3086)	1/3/2006 2:24:48 PM
From: Maurice Winn	Respond to of 217927

But ElM, people can't use houses as money. There simply isn't enough gold to act as a money supply for the size of the world's economy and how many people are surging around in it. At best gold will be one of the assets sought in the event of failed money systems. It won't be money again [though it is already in a few trivial instances, such as the new Islamic currency and among a few naked Aztecs prancing around chanting incantations - there's not a lot of difference]. Once the world has got interest rates back up to more than Happy Meal status, with savers getting a reasonable return on their savings, then there will be no reason for a collapse of currencies. There is just the small matter of housing irrational exuberance to be dealt with and then we are on safe ground again. Not to mention the Twin Deficits, which have the potential to make the Twin Towers collapse look trivial. Maybe Islamic Jihad will contrive to induce a financial implosion by using Islamic oil dollars to precipitate panic in the currency markets. It might not take too many $billions to do so. But they would probably be like the Hunt brothers cornering the silver market. Nice in theory but they went bust before they could achieve it. They were steam-rollered. I am right now inventing the new currency. The Q [Quid] or U [Utopia] are my currently favoured names. I have a prototype in the shed, along with my graviton spin reversal system [GSRS]. My New Years Resolution is to bring the Q to life. Mqurice