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.

Politics : President Barack Obama -- Ignore unavailable to you. Want to Upgrade?

To: RetiredNow who wrote (132761)	4/5/2013 3:51:41 PM
From: Road Walker	1 Recommendation Read Replies (4) \| Respond to of 149317

Currencies fully redeemable in gold, by law, or gold and silver itself, are not as readily subject to manipulation by a fiscally irresponsible government or a monetarily irresponsible central bank. That is why over many millenia, people always gravitate towards precious metals. It really is as simple as that. It's not as simple as that. People have gravitated towards tulips, or real estate, or Internet sticks, or fine art, or xxx. Gold and silver are just stuff. The US dollar is backed by US wealth, by the incredible value of the property the government/we own, by our imagination and productivity and work ethic and willingness to pay taxes and rule of law. You could easily put all your money in gold, in a minute. Yet you don't, you are instinctively invested in things that trade in US dollars. Why? Gold is more easily manipulated than the US dollar. You seem to want to go back to the early 20th century with the booms and depressions and the poor houses and wretched poverty. It's not going to happen, so get with the program. The path is to incrementally refine our system to make things incrementally better for everyone. You used to be a sensible policy wonk. I liked that MM better... much more conservative and less nut case.