Accounting & Investing Info for San Antonio A & M
Monday Feb 1 2010
Gold is the only real money because it isn't someone else's liability.
Remarks by John Embry
Chief Investment Strategist
Sprott Asset Management, Toronto
Vancouver Resource Investment Conference
Hyatt Regency Hotel
Vancouver, British Columbia, Canada
Monday, January 18, 2010
Gold is not money, it carries a physical value or an asset value. Gold value is determined by demand based on the fact that it is considered to be a precious metal. Gold can be held in the form of bars and can also be traded on a daily basis determined by the trade value established in the gold market.Gold is not normally used as collateral for the debt associated with the printing of money.
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Really, hmm, why is it up from $300 to $1200 in the last ten years?
I look forward to a classroom debate. My position
Gold is the only money politicians cannot print from trees.
Check out the Argentine peso the last twenty years or the German mark after WW I.
Dennis Elam
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I believe the price of gold is really based on the demand of the industrial requirement for gold like medical, technology, jewlery, and even military purposes.
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IF industrial demand determines the gold price, why is gold $1100 in the midst of an industrial recession?
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Gold is the only real money. Its very precious to people. For thousands of years people have taken over other nations and killed to steal gold.
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Professor Elam 
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