Message:

<p>[QUOTE=&quot;mikem2000, post: 2292445, member: 30574&quot;]I do not miss the fact that Gold is one of the perfect materials for money, I just deny it. To be fair, yes, I agree it has some qualifies that are favorable for monetary use, but there is a huge problem with Gold. There is just no way to control the amount of new money into the system. Two things can happen.&nbsp; The first is the economy is trying to expand and needs more money to do so, but it needs to &quot;wait&quot; for the money to be mined. This slows things down, and can lead to deflation. Uggg. The second thing is if too much Gold is coming into the system there is no way to slow it down, you really can&#039;t just tell the miners they need to stop make a living for a while as we already have too much Gold.</p><p><br /></p><p>Now you may not agree with how much paper money is being printed, but at least it is controlled and make no mistake about it. It is absolutely necessary that new money enters the system. The argument is only about how much.[/QUOTE]</p><p><br /></p>

Your name or email address:

Do you already have an account?

• No, create an account now.
• Yes, my password is:
• Forgot your password?

Stay logged in