2006-11-28 04:32:12 · 3 answers · asked by mikeygonebad2007 1 in Business & Finance ➔ Investing
Of course I do. The government is in the business of borrowing money is very large quantities. So it is to their benefit to make certain that the value of the dollar steadily drops so that they can pay back those mammoth borrowings with dollars that are worth much less than when they borrowed them. Stick around. Ten years from now that $20 gold piece will probably be trading for about $2000 or more.
2006-11-28 08:08:43 · answer #1 · answered by Anonymous · 0⤊ 0⤋
Gold is a commodity like oil, wheat or lumber. The price of a commodity is determined by supply and demand in a logical efficient market. That is not to say that speculation and emotion do not have great influence upon the markets.
If you are referring to a revival of the gold standard, I think your efforts are misplaced. Oil might serve as a better standard for currency in today's world
2006-11-28 12:52:39 · answer #2 · answered by david42 5 · 0⤊ 0⤋
1) David42 (above) gave a good answer.
2) As a former stamp collector I remember that the "Upside-down Airplane" (a 3 cent ) stamp sold for $223,000(?)
3) As a kid, my friend traded me 7 marbles for my "special" shooter marble. I was "good", but he thought that marble was "lucky".
4) Some one paid "mucho, mucho" bucks for football star O.J. Simpson's old football shoes. Why? Read David42.
2006-11-28 16:49:25 · answer #3 · answered by Puzzleman 5 · 0⤊ 0⤋