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Gold/Mining/Energy : Gold Price Monitor -- Ignore unavailable to you. Want to Upgrade?

To: long-gone who wrote (26342)1/16/1999 8:08:00 PM
From: Hawkmoon  Read Replies (2) | Respond to of 116764
 
Richard,

But that's my point. You bartered with gold. You probably could have offered him a refrigerator or air conditioner as well in exchange for rent.

And the question is, was the amount of gold you bartered with worth less than, or greater than, your rent bill?

But also, you used gold because you apparently didn't have cash. If you had had cash you could have paid your rent in the first place.

Now when you can't get cash (and Y2K may present that problem), then gold may indeed do very well. Again, I'm not adverse to gold, just not willing to tie up capital waiting for the big upsurge while the equities market seems to still be in a speculative phase.

Regards,

Ron



To: long-gone who wrote (26342)1/17/1999 2:18:00 AM
From: denekin  Read Replies (1) | Respond to of 116764
 
Face it; You can't Spend gold!
for what it is worth,in the last six months I have met six people, all in the Pacific Northwest, who pay grocery bills, car mechanics,
plumbers, hardware stores in gold coin or raw panned gold. they can do this because they know the people they are paying well. You and I can't stop in the 7-11 and pay for our gas and a sixpack of Miller light this way, but gold is more widely and easily exchanged than wall St presumes.


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