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: Hawkmoon who wrote (29871)	3/12/1999 10:19:00 PM
From: Stephen O	Read Replies (2) \| Respond to of 116759

Ron You want your cake and to eat it too "The global economy can only grow as fast as gold supply can grow" and in two posts earlier "The gold industry is paying for years upon years of inflated prices that created emmense (sic) quantities of gold that had never been available before". The world economy has grown vastly over the years. We need all that extra immense quantities of gold to act as a basis for the worlds economy.

To: Hawkmoon who wrote (29871)	3/13/1999 9:41:00 AM
From: Mark Bartlett	Read Replies (1) \| Respond to of 116759

Ron, <<It has little flexibility and certainly does not reflect the economic capacity of the human race. The global economy can only grow as fast as gold supply can grow and that is just a plain silly manner in which to run an economy.>> I do not necessarily agree that it does not have flexibility ... I would say that in today's world, with the advent of modern electronic trading methods, gold has more flexibility than it ever did. <<And if the crap hits the fan to the point where people lose complete confidence, then I would rather have a some fine bartering items because EVERYONE will be trying to sell their gold for actual necessities.>> Again - not necessarily. History suggests that gold is most valuable at times of uncertainty (lack of confidence) .... this is not to say the world is at a point where its people are bartering for goods to survive. It just means that something has happened, that has undermined the financial system and people are looking for a safe haven. If anything, the fact that a "safe haven" is available suggests to me people would be more likely to take risk and encourage economic growth. For example if the US got in to a war. the US's status as the holder of the world's reserve currency could potentially be greatly undermined. That could have devastating effects on the other 95% of the world. And despite all of the crap you hear to the contrary, IMO the world is much more unstable now, than we are lead to believe . <<You see people may trust the money. They don't trust those who are holding it for them. And the same goes for gold.>> Gold has a history of "being there" in times of need - currencies have always failed. Today some choose to view the world's financial integrity as Titanic-like .... IMO that is just the type of hubris that gets the human race in trouble. I can sock away a little at home, and if the worst happens, I've got it. There is still a perception among a large % of the world that gold does have intrinsic value. If it did come down to the point where someone had the choice of taking gold in the one hand or currency on the other (in a time of economic uncertainty) I would bet most would reach for the gold. MB