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.

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

To: ali who wrote (26975)	1/25/1999 8:41:00 AM
From: Hawkmoon	Respond to of 116766

The German Mark was fiat money, a system you are so fond of in the name of progress.If it would have been based on a Gold standard maybe world war 2 could have never happened Tell me you were intoxicated when you wrote the above statement.... please tell me. Otherwise, I'll let it stand as a prime example of how extreme goldbug's, obviously like yourself, are completely out of touch with reality. ARE YOU REALLY CLAIMING THAT HAD GERMANY BEEN ON A GOLD STANDARD, WWII WOULD NOT HAVE HAPPENED??? Geezus... that's the most inane statement I have heard yet on this thread. Can you provide me one major example where the gold standard prevented a nation's government from conducting warfare on a neighbor?? And I have no understanding of micro-economics?? I lived for 5 months so deep in the jungle the only way you could reach me was by Helicopter (after we cleared an LZ for it to land in). There these people had seen money, but didn't use it. Everything was barter and cigarettes were quite popular as a currency of exchange. Or maybe the above example is a lie, and I really gained my micro-economic education in cigarette currency doing 5-10 in the Federal Correctional institution at Marion, IL. Take your pick... But in your tirade you completely disregarded my comments on the rule of law in Germany. Even if the Reichmarks had been fully backed by gold, with the BREAKDOWN OF THE RULE OF LAW, you would have been SOL!!! If I'm a banker in Germany, and I have a safeload of gold, AND THE COUNTRY IS BEING INVADED, do you really think I'm going to give a rat's a$$ for you when you come around demanding gold for Reichmarks?? The odds are between slim and none. Not to sound deprecating Ali,... but think a little deeper before you say something as condescending towards me as the following: "First of all you know nothing how micro economics works when a political system breaks down and every one depends on his own survival skills..." Your comments certainly leave me suspicious of your experiences. I would think that someone as experienced as yourself, would realize that your currency is only as good as the gov't backing it up, whether gold-based, or Fiat. In a political collapse of a gov't, your chances of exchanging paper currency for gold are both the same.... Basically nil. I mean, after all, what are you going to do?? Sue the gov't?? Figure the odds.......ROFL!! Regards, Ron