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

To: Tommaso who wrote (72749)	12/24/2007 2:34:07 PM
From: mishedlo	Respond to of 116555

It's kind of hard to continue a rational discussion when confronted with a statement that paper money and gold are equally subject to fluctuations in value. It's impossible to have a discussion when you keep sticking words in my mouth that I never said. I said neither gold or paper money has immutable value. First you stated that I said paper money had immutable value. That was false. Now you are claiming that I said gold and paper money are "are equally subject to fluctuations in value." I never said any such thing and I am tired of refuting such nonsense. They are both subject to flucutions in value but where the hell did I say or even imply "equally"? That they are both subject to massive fluctuations is not in doubt. Gold fell from over $800 to around $250. Now it is rising again. Those are quite the fluctuations. But things are not "equal" by any means. Every paper currency in history has gone to zero over the very very long haul. Gold never has and never will. But even though gold has never gone to zero, it is not "immutable" in relation to any goods or services and in fact it never was. Mish