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


To: Jim Ilchyshn who wrote (28270)2/15/1999 10:01:00 AM
From: Hawkmoon  Read Replies (2) | Respond to of 116764
 
Jim,

What's the difference between bad-mouthing and blindly cheerleading a particular commodity??

There really seems to be a great aversion prevalent on this thread to breaking down the real meaning of money and gold and how they interact during various economic times.

Cheerleading or badmouthing doesn no one any good. But all I hear is that gold backed currency is "real money" without the logic to back it up.

IMO, the only real money is whatever the greater proportion of people accept as the standard for their currency proxies.

Or am I demeaning the entire allure of "mystical gold" by breaking it down to psychological terms??

Personally, I would like to see you or someone else out here "lose their religion" a bit and act like objective analysts for a change.

Gold is a commodity, that just happens to have once functioned as a money standard in our past. Neither you nor I have the ability to bring it back by ourselves. So we watch the price of it to see if human psychology is moving towards restating its faith in the metal's historical place of value.

BTW, I have as much right to post on this thread as do you or anyone else. I am on topic most of the time (certainly as much as most others), and I'm asking questions that certain people seem to find uncomfortable to their belief systems.

What's wrong with that? I certainly don't mind people challenging my belief system. Makes me think more about why I hold that particular belief in the first place.

Regards,

Ron