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.

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

To: Valuepro who wrote (38981)	11/6/2007 5:57:15 PM
From: Louis V. Lambrecht	Read Replies (2) \| Respond to of 39344

We can argue for years. <g> When the Spanish looted the Americas, supply of gold permitted to use it in trades. But I also regard that period as gold inflation: gold bought less then earlier (it was so rare it had no practical trading value and silver was the base king's ransoms were denominated in). Fiat money soon was invented and lived under the name of bi-metallism until start of last century. Gold is no money since August15, 1971 when Nixon kicked De Gaulle's ass. Measuring "value" of fiat currencies to gold makes not more sense then comparing to a pound of Angus beef or a bushel of wheat.