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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum -- Ignore unavailable to you. Want to Upgrade?

To: Giordano Bruno who wrote (86532)	1/28/2012 12:01:17 PM
From: average joe	1 Recommendation Respond to of 219835

"Gold and economic freedom are inseparable, . . . the gold standard is an instrument of laissez-faire and . . . each implies and requires the other. What medium of exchange will be acceptable to all participants in an economy is not determined arbitrarily. Where store-of-value considerations are important, as they are in richer, more civilized societies, the medium of exchange must be a durable commodity, usually a metal. A metal is generally chosen because it is homogeneous and divisible: every unit is the same as every other and it can be blended or formed in any quantity. Precious jewels, for example, are neither homogeneous nor divisible. More important, the commodity chosen as a medium must be a luxury. Human desires for luxuries are unlimited and, therefore, luxury goods are always in demand and will always be acceptable . . . . The term “luxury good” implies scarcity and high unit value. Having a high unit value, such a good is easily portable; for instance, an ounce of gold is worth a half-ton of pig iron . . . . Under the gold standard, a free banking system stands as the protector of an economy’s stability and balanced growth. In the absence of the gold standard, there is no way to protect savings from confiscation through inflation. There is no safe store of value. If there were, the government would have to make its holding illegal, as was done in the case of gold . . . . The financial policy of the welfare state requires that there be no way for the owners of wealth to protect themselves. This is the shabby secret of the welfare statists’ tirades against gold. Deficit spending is simply a scheme for the “hidden” confiscation of wealth. Gold stands in the way of this insidious process. It stands as a protector of property rights. If one grasps this, one has no difficulty in understanding the statists’ antagonism toward the gold standard. Alan Greenspan, “Gold and Economic Freedom,”

To: Giordano Bruno who wrote (86532)	1/28/2012 1:30:35 PM
From: Maurice Winn	1 Recommendation Read Replies (1) \| Respond to of 219835

My post got eaten when I made a spastic click when trying to post it. Maybe people believed this Lord of the Rings stuff and didn't realize it was just a fantasy movie. ================================================================================= "One ring to rule them all, one ring to find them, one ring to bring them all and in the darkness bind them."—The inscription upon the One RingThe greatest of the Rings of Power and the most powerful artifact in all of Middle-Earth, the One Ring was created by the Dark Lord Sauron in the fires of Orodruin during the Second Age. His intent was to concentrate and enlarge his own power, and in time gain overlordship of all Middle-Earth. Sauron also wanted control over the other Rings of Power, which had been made by Celebrimbor and his people with Sauron's assistance. To do this, he concentrated within the One a great part of his own fëa ("soul" or "spirit") by cutting through his hand that was holding the gold, and letting his evil bind with the molten gold. In a sense, the Ring became an extension of Sauron himself, and his power became bound to it. It was also known as the Ruling Ring, the Master Ring, the Doom of Man, and Isildur's Bane. The Andvarinaut in the Völsungasaga is considered to have been the main inspiration. The story of the Quest to destroy the Ring is told in Tolkien's novel The Lord of the Rings, as is most of the Ring's history. ============================================================================== How long something has been around doesn't really say much about it. Mobile Cyberspace has been around really only 3 or 4 years but it's already much more valuable than all the gold combined and people are spending all day carrying Cyberphones, not gold, and they are poking at them constantly. Fire was around a lot longer than gold but not many people huddle in front of a camp fire or even a fireplace to keep warm these days. Stones were popular for 100s of thousands of years, but the stone age has pretty well finished. Mqurice