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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum -- Ignore unavailable to you. Want to Upgrade?

To: TobagoJack who wrote (23060)	9/25/2007 10:37:58 PM
From: elmatador	Read Replies (1) \| Respond to of 220546

"not thinking or knowing about exchange rates and so terms of exchange" It is natural that someone living in the US do not need to think in terms of exchange, thus becoming unaware of the dabngers of currecnies fluctiations. Thast leaves them at a disadvantage vis a vis us who have apart of our brains dedicated of thinking about the currency valuations devaluations.

To: TobagoJack who wrote (23060)	9/26/2007 12:20:24 PM
From: Maurice Winn	Respond to of 220546

TJ, gold is just a metal sitting there, an age-old measuring stick of value: <unless you think something else will rise as high and as sure as gold> Gold doesn't rise, fiat currencies fall. Against non-fiat things, gold merely fluctuates - such as human hours of efforts [falling gradually as production costs decline]. I prefer life-force, action, creating and riding the teleological torpedo, not cringing, clutching my little Aztec golden totem, prancing bare-bum around a campfire, hoping for the best in a world rattled by ethereal unknown unknowns. Sure, there's a risk. Excellent! And meanwhile, you had better hope that with a little phlogiston, alchemy and quarkish soothsaying I fail to turn lead, mercury and even iron into gold and platinum, en masse. A proton here, a neutron there - pretty soon there is a LOT of fun going on. Already there are reasonable facsimiles of diamonds. Pearls have long been manufactured. Unlike natural diamonds and dinkum pearls, gold is fungible. There is no "real" gold. Mqurice PS: Think Zenbu, more than QCOM. But from the post Y2K Biotelecosmictechdot.com bust bottom, you have ranted how gold is better than QCOM. Even when QCOM was at the lowest ebb, you went on about gold being better. It wasn't. QCOM nearly lapped gold twice, but has fallen into legal morass for 18 months. Meanwhile, profits and dividends boom nicely along. Since I am not selling, the price is immaterial [though every day you don't sell is a day you buy ... blah blah blah but don't forget friction, tax and hindsight is 20:20]