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To: blazenzim who wrote (76642)	3/21/2008 6:09:06 PM
From: polarisnh	Respond to of 116555

<Ignore>

To: blazenzim who wrote (76642)	3/21/2008 6:16:42 PM
From: Mike Johnston	Read Replies (2) \| Respond to of 116555

Your definition of money is not correct. You omitted the last sentence. "Money is any token or other object that functions as a medium of exchange that is socially and legally accepted in payment for goods and services and in settlement of debts. Money also serves as a standard of value for measuring the relative worth of different goods and services and as a store of value. Some authors explicitly require money to be a standard of deferred payment." Money is not only a medium of exchange, but a store of value. The dollar does not fit the definition, because it is only a medium of exchange, it has ceased to be a store of value due to reckless and fraudulent monetary policies. Gold is a store of value and a medium of exchange ( but not widely used ), therefore it is money.

To: blazenzim who wrote (76642)	3/21/2008 7:08:29 PM
From: NOW	Respond to of 116555

my goodness you sound familiar...dont we know you? troll isnt it?

To: blazenzim who wrote (76642)	3/21/2008 7:17:19 PM
From: pogohere	Read Replies (1) \| Respond to of 116555

to everything there is a season a $20 gold piece was worth $20-- by fiat until it became a $35 gold piece-- by fiat now, it's a $910 gold piece-- by fear what's next? turn turn turn

To: blazenzim who wrote (76642)	3/21/2008 8:07:00 PM
From: Sweet Ol	Respond to of 116555

Blaze - gold is used as money in the Middle East and India. I have witnessed such transactions in both countries. In Saudi Arabia I saw a couple next to me buying a watch. After the negotiations she raised her sleeve and removed one of the dozens of gold bracelets and handed it to the merchant who weighed it and gave them back a very small bracelet as change. Indian brides are always given gold jewelery as wedding gifts and it is understood that it can be exchanged for goods. I guess that they don't always trust the money. Best to all, JRH

To: blazenzim who wrote (76642)	3/22/2008 3:32:28 AM
From: mishedlo	Read Replies (1) \| Respond to of 116555

Government decree cannot stop gold's role as money. Period! One cannot explain its price by any other way than money. It has tremendously small industrial component. It acts like money ... it is money. Throughout history. Mish

To: blazenzim who wrote (76642)	3/22/2008 4:30:31 AM
From: Proud Deplorable	Respond to of 116555

If I wish to go buy a car and I tell the salesperson I will only pay in gold you can be damn sure they will take it or lose a sale. If they are too stupid to not look up the value of the gold I present to them in trade for the car and don't want it then tough for them. If I convinced the owner of the dealership that I want to trade Canadian Tire money for a car he would be stupid to refuse. Canadian Tire money is as good as currency printed by the government and can be used as such IF both parties agree. I admit though that there is less likelihood of them taking Canadian Tire money than gold but that wouldn't stop me from trying ;-)