Re: Gold prices and Goldman's forecast - PM
posted on
Dec 03, 2007 05:45PM
The Central Banks also have a vested interest in not LETTING Gold re-assume the role of Backing Paper Currency. Even Gold as a 'store of value' is based on peoples willingness to assign it that role. NOT every one will want or be able to hold Gold and but that does NOT mean that its value will decline either.
There is plenty of room for Gold Lovers (Gold Bugs) and every one else.
What does appear to NOT change is the Historical Record of upheavals and frequent turbulent times with respect to 'Generally Accepted Means of Payment/Exchange'.
Such times of turbulence are typically times of loss for some and times of opportunity for others. In the mean time most people do as they always do. That is, they get on with life as best they can.
Life with NOT is a Good Life!
Old Joe
PS: Just had to get that last line in!