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pencilvanian
1000+ Penny Miser Member
USA
2209 Posts |
 Posted - 01/31/2008 : 17:10:56
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I am not sure If this belongs here, but it is part fact, part conjecture part economic opinion so here it is.
If it is in the wrong spot I trust an administrator will move it to its proper topic section.
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The Double Whammy of Geopolitical Gold Games
By: Antal E. Fekete
The second paragraph details silver and its relation to China.
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192 Posts |
Posted - 01/31/2008 : 21:27:00
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Thanks for the article.
Ted Butler has hinted all along that the "great white short" or the biggest shorter of the white metal is the GovMint of China.
However, I have not read an explanation from him about why.
I am passing this article to some friends of mine.
Thanks again!! |
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The market can stay irrational longer than you can stay solvent.
John Maynard Keynes,
English economist (1883 - 1946)
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85 Posts |
Posted - 02/01/2008 : 17:54:55
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| Good article but the Mint should not stop with silver and gold. It should include copper too. |
"The key to building wealth is to not lose money." - Warren Buffet |
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192 Posts |
Posted - 02/01/2008 : 23:14:03
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The way I see it there are choices:
Non-metalism
(in which paper or digits or faith, or loud talking scammers with a firm handshake constitute money)
Mono-metalism
(In various times this has been silver, other times gold)
Bi-metalism
(my personal favorite because it is simple enough to understand AND complicated enough to create arbitrage)
Tri-metalism
(as Proposed by CopperBar above. Simple, but not simple enough in my opinion)
Quad-metalism
(too complicated, for me)
More?
I would be willing to go around on a daily basis with the current ratio of silver to gold in my forebrain.
I would be not be able to maintain the ratios of very many metals in my brain.
2 or 3 or 4 metals used as money make the most practical sense, but we humans reqwire simplicity in order to understand each other.
Any commodity could be used to back paper money as long as fractional reserve banking and usury interest rates were regulated by law.
I'm not a libertarian. I think that society needs laws to function. |
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The market can stay irrational longer than you can stay solvent.
John Maynard Keynes,
English economist (1883 - 1946)
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China & Silver
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