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 : Gold and Silver Juniors, Mid-tiers and Producers -- Ignore unavailable to you. Want to Upgrade?

To: E. Charters who wrote (61575)	10/12/2008 5:31:11 PM
From: Claude Cormier	2 Recommendations Read Replies (1) \| Respond to of 78416

EC, Gold is unique. You know its carracteristics. As such it has always been and will always be the best store of value. At some point in history it has been money and currency. It often acts like it. At some point it may well become officially money and/or currency again. But one thing is sure, unless someones find a miraculous way to produce gold from the seas economicaly, gold will remain a long term a store of value. Governments intervention will from time to time influence gold exchange rate with fiat currencies. But as Voltaire said, “Paper money eventually returns to its intrinsic value ---- zero.” The obvious corollary is that gold will endlessly reach new all time highs against all currencies until they died and are replaced. Gold itself is indestructible. There is only one way gold exchange with fiats rate can stabilize, and it is if currencies become no longer fiat..i.e they become backed by gold.