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Strategies & Market Trends : Ride the Tiger with CD -- Ignore unavailable to you. Want to Upgrade?

To: seventh_son who wrote (55879)	6/27/2006 9:51:39 AM
From: Lhn5	Read Replies (4) \| Respond to of 312346

Despite the classic definition of fiat money, there is something to be said for all money that is intended to always be used as money...ie, not consumed, eaten, worn, driven...as fiat money. Gold, marbles, beads, coins, currency...they are only worth what everyone thinks they are worth. Intrinsic value? Probably miniscule compared to the assigned, believed value. That is not to say that gold is not relatively undervalued compared to currency based on historical values. But if you are hungry, choose gold or bread? The value of gold is as much a leap of faith as the dollar is.