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: long-gone who wrote (29825)	3/12/1999 10:18:00 AM
From: lorne	Respond to of 116759

Gold: still room at the small end smh.com.au

To: long-gone who wrote (29825)	3/12/1999 3:58:00 PM
From: Hawkmoon	Read Replies (3) \| Respond to of 116759

<<That kind of liquidity also helps to assist in maintaining confidence in the financial system.>> And just Why should there be any confidence in it? You can have the same level of confidence in the current financial systems as the one that previously existed before with the gold standard. You can be confident that human mistakes, corruption, or greed will result in drastic consequences in EITHER systems. There is a wealth of historical reference to substantiate that. If you doubt, then why have their been bank holidays/runs while under the "disciplining" effects of the gold standard?? People, Richard, mere mortals are the ones who take the steps necessary to maintain confidence in a financial systems, whether it be JP Morgan or Alan Greenspan. Someday maybe you'll understand that human psychology is the primary drive in achieving confidence in the financial system. Regards, Ron