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Strategies & Market Trends : Booms, Busts, and Recoveries -- Ignore unavailable to you. Want to Upgrade?


To: RJA_ who wrote (69788)6/26/2008 4:25:57 AM
From: Maurice Winn  Read Replies (2) | Respond to of 74559
 
If fiat currencies go bust, then of course gold goes sky high compared with them, which is not really TJ's case so much as an obvious outcome of such events. TJ's argument is that gold will become the one true money again, rather than just that it will go up as US$ goes down. One is trite, the other is conjecture.

A gold mania of digging and filtering for profit.... < And, IMHO worth it. See present day events to be somewhat avoided.> Worth it if there's no better alternative, which there is. Digging Moais obviously seemed like a good idea at the time and no doubt profitable for some. It doesn't mean it was in fact the best thing to do and judging by their long term failure, it wasn't. They should have invented CDMA and nuclear weapons instead.

Qi would be fixed by the owners. It wouldn't just expand like a balloon. Yes, there would be a government, but by the people for the people who happen to own Qi. The current silly system where the owners of the currencies are NOT the people who are holding it is ridiculous; like putting a fox in charge of a hen house = hens turn into dinner regularly and when there are several foxes in charge of the hen house, it becomes a tragedy of the commons situation. Each fox has to eat or the others will.

Russia, China and India will sit on the sidelines. Russia's exports will go up in price if Iran's are cut, so they won't care much. China wants Iranian oil so they'll mutter about it and not do anything too drastic, though they will probably supply Iran with various weaponry which could have some live fire practise which might be useful for China to see how it goes against US vessels which might be used in the Taiwan straits.

Mqurice