Posted on 01/04/2006 11:00:11 AM PST by hubbubhubbub
Well, in the short term gold will keep going up. As for its fractionability, isn't it what makes a currency valuable in the long term? Last but not least, if a product needs gold, it's all a matter of industrial use and regulations. Gold is used in electornics mildly for now, but platinum is a strategic and environmental industry metal virtualy helping making oxygen, and its price is not going to come down any time soon as a result. The day someone finds an industrial use for gold, which is coming, is the day it's going to litteraly strike gold. Gold has its valuable virtues as a metal and there's not enough of it.
The bread is much better then the old bread. So the cost is not really higher in relation to the value. CPI adjusts for value.
Its just like our old 1976 Toyota that cost less then 4K.
The new one does not cost more compared to the added value.
Thanks.
"Gold a physical commodity. It fluctuates in price. Stocks fluctuate in price. Prices rise and fall in cycles. If you recognize how it works you can invest and realize a profit."
Any links or books you would suggest to learn about these price cycles?
Thank you.
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