Yes, and if you can , buy now, but I would only buy real gold in form of coins, not the certificates or option.
Anna ----- Original Message ----- From: mark robert To: [email protected] Sent: Tuesday, November 22, 2005 9:20 PM Subject: RE: [Libertarian] great essay on Money Anna & Vic, May be off topic, but - U 2 think gold's gonna continue to rise? -Mark _____ Anna [EMAIL PROTECTED] wrote: > Nevertheless, what you wrote ignores actual values reflected by the market needs. In there is a true inflation, then there must be more markets needing your service or product. Deflation is just the opposite, and often a result of excessive manipulated inflation. > Money must reflect actual exchange rate between things. Money cannot decide the values of things, but things should decide the value of money. > In simple terms, when gold goes up, dollar goes down. That is all one needs to remember. this is not overly relavent. in modern society money in circulation, including digital money represent all the value created and exchanged. ignoring velocity of money, if there is $10trillion of value created in a year and you need $10t of cash. if the amount of value created grows to $20t and you only have $10t in cash then you have a big problem. gov needs to print another $10t in cash to prevent a fiasco. the only way in this fixed cash economy for $20t of products/services to move when there is only $10t in cash is for the value of the products/services to halve. (again igoring the velocity of money) ie rampant deflation. people make 100% return just by not spending money. gov issues new money by issuing debt to itself which it sells to banks. the banks allow you to access new money by borrowing against assets. this is actually a very good way to introduce new money without either having to buy up $10t in service/good or create further new value either way defeating the purpose of adding new money into the system. a little inflation is preferable to any deflation which discourages any investement and consumption. for this reason the central banks target a low inflation rate rather then zero inflation. and it happens to make the cost of debt it issues a little lower. there is nothing obviously wrong with this system that would warrant moving back to a gold backed money. it works very well as it is. tying money to something arbitrary like gold is pointless and give little control over inflation/deflation. Vic _____ [Non-text portions of this message have been removed] ForumWebSiteAt http://groups.yahoo.com/group/Libertarian ------------------------------------------------------------------------------ YAHOO! GROUPS LINKS a.. Visit your group "Libertarian" on the web. b.. To unsubscribe from this group, send an email to: [EMAIL PROTECTED] c.. Your use of Yahoo! Groups is subject to the Yahoo! Terms of Service. ------------------------------------------------------------------------------ [Non-text portions of this message have been removed] ------------------------ Yahoo! Groups Sponsor --------------------~--> Get fast access to your favorite Yahoo! Groups. Make Yahoo! your home page http://us.click.yahoo.com/dpRU5A/wUILAA/yQLSAA/KlSolB/TM --------------------------------------------------------------------~-> ForumWebSiteAt http://groups.yahoo.com/group/Libertarian Yahoo! Groups Links <*> To visit your group on the web, go to: http://groups.yahoo.com/group/Libertarian/ <*> To unsubscribe from this group, send an email to: [EMAIL PROTECTED] <*> Your use of Yahoo! Groups is subject to: http://docs.yahoo.com/info/terms/
