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Strategies & Market Trends : CFZ E-Wiggle Workspace -- Ignore unavailable to you. Want to Upgrade?

To: JW@KSC who wrote (7792)	7/16/2008 1:36:51 PM
From: skinowski	Read Replies (1) \| Respond to of 41420

True, we manufacture and export the reserve currency, which is - or was - the New Gold. I believe in Gold (sounds funny). However, those who consider gold to be ultimate "True Money" need to recognise that it is also a commodity, with many traditional monetary and non-monetary uses, and its value is inevitably subject to supply / demand interplay. It is entirely possible, imo, that the mighty bull market in Gold is to a large degree the result of.... globalisation. Recall that hundreds of millions of people in the last several years left the world of subsistence and got jobs. As the total amount of wealth - globally - increases (even though we may be experiencing a relative decrease) -- the demand for Gold may go up. It may be a mistake to price everything - including currency - exclusively in terms of gold.... since its very value may have gone up as a result of an increase in [the sum total of] global prosperity over the past several years. ...Which doesn't mean that over time it will not be an excellent store of value... especially with all those politicians having control of the printing presses... makes me feel sorry for them pine trees... :)