tag:blogger.com,1999:blog-2121490237517462736.post7573986358519591578..comments2024-02-20T01:52:53.299-08:00Comments on Futronomics: contrarian analysis of global macro trends, commodities, currencies, equities: There Is No "Paradox" In SavingMatt Stileshttp://www.blogger.com/profile/17977694389453612864noreply@blogger.comBlogger3125tag:blogger.com,1999:blog-2121490237517462736.post-14453300746693546262009-01-11T11:11:00.000-08:002009-01-11T11:11:00.000-08:00Gil, I used to often say, "gold is money." The co...Gil, <BR/><BR/>I used to often say, "gold is money." <BR/><BR/>The correct phrase is "gold is <I>often</I> money." I'm fairly certain it will become money again in my lifetime. I just don't know when. But I think the "sound money" crowd would do better to just push for a competitive currency system. That way people can determine themselves. <BR/><BR/>Of course, this would also require the abolishment of the income tax. <BR/><BR/>Thanks for the comments.Matt Stileshttps://www.blogger.com/profile/17977694389453612864noreply@blogger.comtag:blogger.com,1999:blog-2121490237517462736.post-66462164903895922432009-01-10T11:37:00.000-08:002009-01-10T11:37:00.000-08:00Every dollar saved is one less dollar that can by ...Every dollar saved is one less dollar that can by multiplied x10 by that magical, mythical, fractional, fiat thingy, esp one stuffed into a mattress.<BR/><BR/>"We saved too much!" Wasn't that a GD quote?<BR/><BR/>Hording cash may become illegal...<BR/><BR/><BR/>I was in the hyperinflation camp but have since moved into the deflation side.<BR/><BR/>Money isn't gold, silver, paper. Money is whatever people accept in the transaction of their goods. Seashells, cows, party hats. <BR/><BR/>Lesson really sunk in when I sold my silver. 1 oz generic rounds sell for less then SAE or Maples. Who thought that not all silver bullion is created equal. <BR/><BR/>But the main thing I learned was people had more faith/desire/prefered for US silver coins. <BR/><BR/>US dollars are money long as people accept/prefer it.<BR/><BR/>Not sure what is going to happen but I'm 50-50 US dollar & gold. <BR/><BR/>Bankers hold both. Bankers run the world. I'll switch once the bankers switch. <BR/><BR/>Thanks for the blog! You are helping to clear my mind. I'm suffering from much info, too little time.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-2121490237517462736.post-52791491977522098022009-01-09T13:16:00.000-08:002009-01-09T13:16:00.000-08:00Hi Matt,Your blog is inspiring. I am a third year ...Hi Matt,<BR/><BR/>Your blog is inspiring. I am a third year university student in economics. I am also very interested in investments.<BR/><BR/>EconStudentAnonymousnoreply@blogger.com