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.

Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory -- Ignore unavailable to you. Want to Upgrade?

To: bart13 who wrote (99547)	11/9/2008 6:52:23 PM
From: Robin Plunder	3 Recommendations Read Replies (2) \| Respond to of 110194

"We don't have a gold standard now and haven't had one since 1933 or 1971. It failed, by definition - its no longer around." this is what i was afraid of...not a valid conclusion at all, our govt decided they wanted to take our gold in order to "stimulate" our economy...hardly a failure of gold standard. robin

To: bart13 who wrote (99547)	11/9/2008 7:02:12 PM
From: patron_anejo_por_favor	1 Recommendation Read Replies (1) \| Respond to of 110194

>>Do you deny that population and productivity are growing faster and can grow much faster than gold available for monetary system backing?<< At this point in time, I seriously question how long population and productivity can continue to grow, so I guess I would deny this. Largely due to energy issues.

To: bart13 who wrote (99547)	11/9/2008 7:58:00 PM
From: RJA_	Read Replies (1) \| Respond to of 110194

>>What happens when, not if gold can be created in volume, ala "alchemy"? Not presently a concern. "When" it is, will depend on the cost. If too low, gold will be replaced. Not presently a concern... lots of other things are a concern.

To: bart13 who wrote (99547)	11/9/2008 8:09:59 PM
From: RJA_	Read Replies (1) \| Respond to of 110194

>>The difference between now and thousands of years of history are the population & productivity mismatch issues that have already been noted. Do you deny that population and productivity are growing faster and can grow much faster than gold available for monetary system backing? This is essentially Roosevelts argument for an elastic money supply... combined with fractional reserve banking leads IMHO to present house of cards... Clearly there must be something better.