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Strategies & Market Trends : Winter in the Great White North -- Ignore unavailable to you. Want to Upgrade?

To: E. Charters who wrote (7183)	4/22/2006 3:20:07 PM
From: marcos	Read Replies (1) \| Respond to of 8273

The price of gold never changes, it cannot change, it is immune from change by virtue of its status as the standard by which all else in economics is measured ... an ounce of gold is worth an ounce of gold, yesterday today and tomorrow ... how can the standard change, if it did it wouldn't be the standard would it ... a totology you say, well what is wrong with that, have another tot of a fine golden demerara and you'll see what i mean It's all backwards to say 'gold is up/down to 620 or whatever' ... really what's happening is in your last sentence there - some nebulous construct that is largely not even printed on dead trees anymore has risen/declined in value ... 620ish is convenient as it divides nicely to 20ish per gramme - well why don't we quote the fiat currencies in milligrammes, usd being at about 50mg now, and the loonie at what, around 44mg ... but 'the price of gold', there is no such thing.