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Gold/Mining/Energy : Precious and Base Metal Investing -- Ignore unavailable to you. Want to Upgrade?

To: Louis V. Lambrecht who wrote (38978)	11/6/2007 3:01:01 PM
From: pogohere	Respond to of 39344

Indeed. This is why commodities, including gold and silver, aren't truly money. Money is a creation of the law and a sovereign asset of the nation that should never be in private hands. The banksters that fight to control the money franchise know this perfectly well. That's why the Bank of England fought to keep their American colonies from creating their own money (see Pennsylvania's history, 1720s) and why the banksters were so intent to kill the Greenback that was created during the US Civil War and that worked so well for everyone in the US. One of the most interesting aspects of the current worsening credit crisis is that it was generated by the free market supplied with "debt" money by the banksters and private credit up the ying yang. Who would have suspected that today they'd manage to repeat the excesses of the 1920s multiplied many times over? Oh, I know, if only the free market was left to operate, none of this would happen. Uh huh. Commodities' day comes and goes. I'm in gold and silver, but not because it's "money," but because it is being treated as if it's money. For everything there is a season.

To: Louis V. Lambrecht who wrote (38978)	11/6/2007 4:10:04 PM
From: Amark$p	Respond to of 39344

This is not a valid analysis, IMO... "there is more gold available now than in the Middle Ages, hence, relative value is now less." A more valid analysis would be total gold available per capita, i.e. for every person on the planet now vs. people on the planet during the Middle Ages.

To: Louis V. Lambrecht who wrote (38978)	11/6/2007 5:12:54 PM
From: Valuepro	Read Replies (1) \| Respond to of 39344

"there is more gold available now then in the Middle Ages, hence, relative value is now less." Whatever the hight of the civilized world's population in the Middle Ages, there are hundreds of time more people now. So, the fact that there is also more gold makes the supply comparison of little consequence. Further, the world had small experience with fiat money during the Middle Ages when gold was commodity money. What we are experiencing now is a revaluation of paper money to gold. A lot of the price pressures at present are about the decreasing value of paper - particularly the US dollar - compared to gold, and not the comparative value of gold to other raw materials. VP in AZ