Ray,
At 12:04 17/07/2010 -0400, Ray wrote:
Why not Platinum?
Why not? It could serve the same purpose as gold. Or iridium, or rhodium
(also precious metals) or copper or tin -- anything with a steady and
hard-won supply.
Keith
From: [email protected]
[mailto:[email protected]] On Behalf Of Ed Weick
Sent: Saturday, July 17, 2010 12:00 PM
To: [email protected]
Subject: [Futurework] Poachers turned gamekeepers
Because China, Russia and the Middle East -- at a crunch (albeit extremely
stressful even for them) -- could survive the demise of the West (there
are plenty more potential consumer markets in the world), the latter
couldn't survive without the former. Unless we have universal warfare,
this is why gold will resume its role as a world currency before too long
-- as future historians will relate (with some amazement no doubt that
America was so resistant). And it will probably occur when the likes of
Goldman Sachs and JPMorgan Chase decide to turn from poachers to
gamekeepers for a bigger -- but more law-abiding -- future, not because of
any particular G20 summit.
Keith
Keith Hudson, Saltford, England
You keep trying, Keith, and I do wish you luck but I do not see a
possibility of a return to the inflexibility of the gold standard. As I
pointed out in a previous posting, currencies are strategic devices that
governments can use to their advantage, and to their disadvantage as
well. Currencies can be inflated and deflated for domestic economic
purposes and they can be pegged to other currencies to achieve advantages
in international trade. How China has used the renminbi is an example of
the latter.
Would countries really want to lose such strategic flexibility just to
pile up huge hoards of gold or run out of gold? I hardly think so.
Ed
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Keith Hudson, Saltford, England
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