Topic: | Re:Re:Re:Re:Reasons why Gordon Brown must go | |
Posted by: | Stewart Dean | |
Date/Time: | 05/12/09 11:53:00 |
"Gold cannot be duplicated and devalued." So the theory is because there is a finite amount of gold it cannot be devalued? My take on this is this is vastly over simple. Gold is valued and devalued by what goes on around it. It is as much an arbitrary value as paper, bonds or stocks despite the theory. For gold to be valid it requires an agreement that in turn involves paper. It's expensive to deal with and look after. You could also look at Diamonds as another example of limited supply leading to high value, yet it's not secret the value of diamonds is kept artificially high. How much of this also happens with Gold? |