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Strategies & Market Trends : Waiting for the big Kahuna -- Ignore unavailable to you. Want to Upgrade?

To: Real Man who wrote (14365)	2/24/1998 4:34:00 PM
From: Tommaso	Respond to of 94695

Off topic "Modern" is not a very exact term, but in some fields it suggests something within a human life span. May I rephrase my statement to say that you are a twentieth-century physicist who was discussing twentieth-century physics. Also, you were pointing out the fact that a hydrogen bomb works because the element helium is being created from the fusion of hydrogen. I don't think that I said anything about nuclear transmutation being a way to make gold in useful quantities. I don't know the calculations, but chemical extraction of gold from seawater is not economically feasible either, though there is a huge amount of gold in a cubic mile of seawater. Maybe this is not so off-topic after all, since the difficulty and expense of producing gold, even using the greatest economies possible by heap-leaching with cyanide, make it still a possible candidate for a monetary store of value. As a medium of exchange it's terrible. I have never known anyone who actually bought anything with a Maple Leaf--though once I did think about paying a painter for a picture that way. In the last couple of decades the only way to give money value has been to raise the interest rates payable on that money and to restrict the amount of money that is being created. It's amazing to me that it has worked as well as it has. If, for whatever reason, the value of the dollar begins to decline against other currencies, and the Fed feels it necessary to defend the value by raising interest rates, there may be a drastic effect on the stock market--just as everyone knows. The recent large increases in the U.S. money supply make that a real possibility. To come full circle, creation of gold by transmutation is possible, but has no economic significance.