Forum Archive Index - February 2002

["Capitalist" <capitalist@paradise.net.nz>]

To take an extreme example, a dollar invested in stocks in 1801 would be
worth half a million by 1998. A dollar invested in physical gold would be
worth 78cents. Experienced investors can get rich investing in gold, but
most with a more modest knowledge lose big.

The fluctuating price of gold reflects the degree of worry about the eroding
value of currencies.When currencies are on the downturn individuals always
transfer their wealth to gold, and start thinking about such things as the
"intrinsic value" of money or believe that gold somehow "backs up" money or
in some mysterious way gives it value.

Utter crap. Gold has value for industrial uses only. The gold standard is
long gone and it won't be coming back.



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