Your expectations are realistic, Cedric. Gold will likely continue to increase. If at some point a nation with huge stores of gold should dump a large amount of gold on the market and drive down the price, that nation could corner the market on gold. ----- Original Message ----- From: "Bob Axtell" To: "Microcontroller discussion list - Public." Sent: Sunday, March 30, 2008 11:59 AM Subject: Re: [OT]: Unbelievable and a bit scary! > Cedric Chang wrote: >> It is a bit hard for me to understand why people accept U.S. virtual >> dollars especially given the fact that the U.S. government has been >> printing dollars like crazy. There is absolutely no reason to expect >> the value of the dollar to hold up against other virtual currencies. >> I expect to see the price of gold go to $2000 per ounce in 2 more years. >> >> cc >> >> > What is happening to us in the US eventually happens to all people who > use paper money instead > of specie (gold and/or silver) as currency. Soon the US dollar will be > retired as currency, because > nobody will accept it any more. In its place will be another crackpot > paper money scheme, unless > people INSIST that specie be returned to its role as currency (the US > consititution requires that > legal tender be gold or silver coin anyway, so we got paper money > because of political tricksters > in the first place). > > --Bob Axtell > -- > http://www.piclist.com PIC/SX FAQ & list archive > View/change your membership options at > http://mailman.mit.edu/mailman/listinfo/piclist -- http://www.piclist.com PIC/SX FAQ & list archive View/change your membership options at http://mailman.mit.edu/mailman/listinfo/piclist