Hi e-gold list, In response to a funny finding:
> http://www.TheHarrowGroup.com/articles/20011008/20011008.htm > Worth Its Weight In Gold? ... A > a Siemens SL45 cell phone/PDA/MP3 player weighs 88 grams and A > sells for about $740, or $8.40/gram. Gold is currently valued $8.84/gram! Haha! Nice find. I suppose well-crafted, hard-to-make stuff is valuable, just like well-purified stuff. Furthermore, Semiconductor purification is indeed comparable to gold purification. But beware, over time the purity of semiconductors decays -- the atoms "swim around" a bit and distort the junctions. But that process is far slower than economic devaluation of semiconductors, so nobody knows (or cares). But is quite different from the properties of gold. > Memory Sticks > are worth more than four-times their weight in gold! But, contrary to gold, their value is enormously debit to inflation! Interpreting inflation as a decline in value w.r.t. the average of all valuable goods. (I make this up as I go -- not an economist.) -> Is there such an "index" anywhere, BTW? > And as our electronics get even smaller, lighter, and more compact, "gold" > may turn out to be a poor cousin by comparison. For payments? Hmm, aside from value per weight, I would say that a constancy of value would also be pleasant for a currency. Paintings by Rembrandt van Rijn are probably worth much more per weight unit gold, and usually they are good investments, but even here I would not enjoy it as a currency -- structure being something that decays over time (entropy always increases, after all) and there is a factor of interpretation ('artistic value') that is quite unpredictable as well. But on the good side, there is no inflation possible of the kind `we are in trouble so we will print a few more dollars'. Like physical gold, these paintings are unique. > Hummm. In the U.S., our paper currency was once called "gold > certificates," and later "silver certificates." Might we one day be seeing > -- "semiconductor certificates...?" Not if I have a say in it (which is not the case, of course). But perhaps my reaction is too serious -- the find of this comparison is funny indeed! Cheers, Rick van Rein, DNS.vanrein.org -- domain names payable in gold. GOLD.vanrein.org -- gold info and sale for the Dutch. --- You are currently subscribed to e-gold-list as: archive@jab.org To unsubscribe send a blank email to [EMAIL PROTECTED] Did you know that e-metal is a wonderful holiday gift? Avoid the hassle this year!
