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


To: Lhn5 who wrote (55881)6/27/2006 9:57:41 AM
From: Davy Crockett  Read Replies (1) | Respond to of 312351
 
hmmm... ARU.v looking attractive again



To: Lhn5 who wrote (55881)6/27/2006 9:59:49 AM
From: seventh_son  Respond to of 312351
 
Gold is not an IOU and it cannot be created or destroyed at will for political purposes. Gold has always been valuable, and is universally accepted as having value, whereas paper money is constantly and slowly being eroded away into eventual worthlessness. Having said that, I don't want to get involved in politics or theoretical analysis of what money is; I just think that this new film has significant implications for the gold investment community.



To: Lhn5 who wrote (55881)6/27/2006 10:09:34 AM
From: maxncompany  Read Replies (1) | Respond to of 312351
 
"The value of gold is as much a leap of faith as the dollar is"

No. Because the supply of dollars is virtually limitless. The supply of gold is finite, and gold is not easily come by, while dollars are created at will.



To: Lhn5 who wrote (55881)6/27/2006 10:25:01 AM
From: Claude Cormier  Read Replies (1) | Respond to of 312351
 
- But if you are hungry, choose gold or bread?

If there is enough bread that can be cook somewhere, gold will always buy it. Bread rottens over time.

- The value of gold is as much a leap of faith as the dollar is.

I disagree. Gold is the only store of value in which faith has been maintained for milleniums. The faith in fiat currencies gradually fade and eventually disapear completely.