> The market! Or, as James Turk would have it, the > freemarket.
I guess the question here is that you define "Objective value" as. If the value of something is dictated by the market then how can it be objective.. its dictated upon by outside forces. Each have their own interests when deciding to buy or sell this entity. > Humans do have a fondness for gold. However, it > is not the subjective views of a single individual > which is at stake. It is the repeated experience > of the market which matters. Any good MBA program will usually teach you that past performance alone is usually a poor indication of future potential. > That's my exact point, Khurram. The market values > gold, The market has a value for everything.. > The Federal Reserve has fiddled with the value of > the "dollar" for decades now, eating away at the > value of the paper in hand. Again, the value of > the dollar is subject to the vicissitudes of > Federal Reserve policy. Whereas gold is only > subject to market forces - which include, as Craig > Spencer has pointed out the selling and leasing > of gold by central banks. The selling and leasing of gold by central banks is not a policy matter? > You mean "it's all" as in "it is all" rather than > "its all" which is the possessive of it. Thanks for the grammar lesson >> Yet obviously, you would rather have the 10th of a >> gram of gold. > > Gosh, no. I'd be happy to sell you a tenth of a > gram of gold for $30 today. woops.. I probably meant Ounce instead of gram... Khurram Khan --- You are currently subscribed to e-gold-list as: [EMAIL PROTECTED] To unsubscribe send a blank email to [EMAIL PROTECTED] Use e-gold's Secure Randomized Keyboard (SRK) when accessing your e-gold account(s) via the web and shopping cart interfaces to help thwart keystroke loggers and common viruses.
