SI
SI
discoversearch

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.
Pastimes : Ask Mohan about the Market -- Ignore unavailable to you. Want to Upgrade?


To: Rmn who wrote (11464)12/14/1997 7:44:00 PM
From: bobby beara  Read Replies (3) | Respond to of 18056
 
Hi Ramsey, saying that a medium of exchange around from the beginning of time has gone the way of the hula hoop, may be similar to saying that the market only goes up -g- Soros is probably loadin the vault with the stuff and propagatin that rumour.

>>>supposedly, provides substance to worthless paper money (at least that what it used to do). Have we arrived at a point where we no longer need anything to back up currencies other than "faith and trust."<<<<

I don't think there is much faith and trust in Korea now and the smartest minister of finance in the world, Alan Greenspan hasn't sold a drop. He was so smart, he let himself off the hook a whole year ago with his irrational exhuberance speech and gave himself a nice big window of opportunity for the whole shebang to go bang -ggg- He knows the historical track record of 2nd term President's and asset bubbles.

(Hint to Joan, look at ABX call volume on Friday (especially April), it may be the Apple of your eye -g-)

-Bob