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S&P 500
5,616.84
(
-0.32%
)
US TECH 100
18,991.20
(
-1.09%
)
Dow Jones
41,240.52
(
0.16%
)
Brent Oil
80.23
(
-0.05%
)
Bitcoin
62,827.58
(
-0.08%
)
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Re: basserdan post# 358264

Sunday, 02/13/2005 8:12:55 PM

Sunday, February 13, 2005 8:12:55 PM

Post# of 704019
My problem is that the price of Gold, being far above its intrinsic value, is completely subject to popular opinion. If popular opinion decides to price Gold based on the $US/Euro ratio, we could just sit and helplessly watch our investments deteriorate as both the $US and the Euro depreciate.

I wonder, BTW, what gold would be priced at if it had no currency value...

Hard work often pays off over time,
but laziness always pays off right now.

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