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 : The Epic American Credit and Bond Bubble Laboratory -- Ignore unavailable to you. Want to Upgrade?

To: mishedlo who wrote (53713)	2/13/2006 1:33:36 PM
From: shades	Respond to of 110194

historical examples of gold discoveries changing the marginal value of gold Elroy taught me all that aztec gold hitting the spaniards golden money supply and thier malinvestment of it in new palaces and parties instead of science and research is why you and I are speaking english today and not spanish. Sounds a lot like america today - la vida loca baby!@

To: mishedlo who wrote (53713)	2/13/2006 1:42:05 PM
From: gpowell	Read Replies (2) \| Respond to of 110194

The gold standard itself. Exogenous flow disturbances in commodities used as money is the normal state of affairs under a commodity standard. The influx of New World treasure is but one such example - the more recent examples include the California gold strike of 1848, the Australian and New Zealand discoveries of the 1850’s, South Africa (1874-1886), Colorado (1890), and Alaska (1890). Also, technological improvement in gold mining, such as the cyanide process, served to disturb equilibrium. Deviations in the purchasing power of gold due to these disturbances lasted decades.