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 : Mish's Global Economic Trend Analysis -- Ignore unavailable to you. Want to Upgrade?

To: pogohere who wrote (67711)	8/16/2007 3:28:00 PM
From: ballsschweaty	Read Replies (1) \| Respond to of 116555

<I am expecting a deflationary depression, during which--for a spell--gold will be deemed money and miners will be mining "money."> I agree with the deflationary depression but I see no reason to assume gold will be a beneficiary for any period of time and I certainly see no reason to front run that assumption by jumping into the miners at this point. If gold begins to behave as you suggest, I would then consider jumping on board for the ride even if it means missing the first part of a move. I would rather miss out on some of the initial gains, if any, than to front run an event that may never occur.

To: pogohere who wrote (67711)	8/16/2007 4:11:22 PM
From: daveinmarinca	Read Replies (2) \| Respond to of 116555

Re "Gold never is money."....boy, someone better inform the central bankers about this....they sure buy and sell a lot it. Seems to me bullion acts as the Central Bankers' ultimate BIS. Also, the IMF seems to be interested....It turns out the International Monetary Fund is also asking its member countries, including the US, to provide information on precious metal reserves. According to GATA, the Federal Reserve has not published an audit since 1955. < kitco.com >. When they open up the vaults at Fort Knox, they'll probably find a pile of dusty IOUs from GS :<)