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To: Deuce
See #300.
341 posted on 12/09/2001 4:49:02 PM PST by Carry_Okie
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To: Carry_Okie
I have read your post #300 (and your subsequent posts). I suspect you have valid and interesting inputs.

As I understand it, you believe the rapid advance of technology has recently undermined the historical effectiveness of gold as a store of value and that the same applies to any other possible commodity or basket of commodities.

You go on to express a preference for private currencies that you purport partially resolve the problems that these advances of technology have introduced. You offer a single sentence regarding this preference and I must confess an inability to follow it. Specifically, you say:

Personally, I think that an options market on assets as stores of value for competing, insured, private currencies is a partial answer to the problem.

Please elaborate. I have no idea what this means. More importantly, I understand neither the nature of, nor the rationale for, the private currencies to which you refer.

343 posted on 12/09/2001 7:46:01 PM PST by Deuce
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