tag:blogger.com,1999:blog-2611021408437270881.post3050101332101012916..comments2024-03-18T23:59:39.885-07:00Comments on Skeptical CPA: Cheap Oil and SharesIndependent Accountanthttp://www.blogger.com/profile/07800220849565219709noreply@blogger.comBlogger3125tag:blogger.com,1999:blog-2611021408437270881.post-39254844649034852292009-06-09T18:12:43.120-07:002009-06-09T18:12:43.120-07:00Anonymous:
If you have the patience, go to my 1 Ma...Anonymous:<br />If you have the patience, go to my 1 March 2008 post, "Get Gold" and follow the link to Mencius Moldbug's (MM) post. MM is very long-winded, but explains why gold makes for better money than other commodities.Independent Accountanthttps://www.blogger.com/profile/07800220849565219709noreply@blogger.comtag:blogger.com,1999:blog-2611021408437270881.post-43439730836073245212009-06-09T18:04:56.802-07:002009-06-09T18:04:56.802-07:00Anonymous:
There is talk of doing what you say. I...Anonymous:<br />There is talk of doing what you say. I believe oil would make a poor currency backing. Oil's "stock-flow" ratio, with respect to above ground oil, is too low. Similarly, wheat, corn, natural gas, etc. Over thousands of years, the two substances mankind found which make the best money are gold and silver in that order. Now we can add platinum and palladium to silver as "near monies". See my 31 October 2008 post, "Will Russia Be First" for a mention of the "stock-flow" ratio.Independent Accountanthttps://www.blogger.com/profile/07800220849565219709noreply@blogger.comtag:blogger.com,1999:blog-2611021408437270881.post-43304158534171327422009-06-09T17:43:31.605-07:002009-06-09T17:43:31.605-07:00Why not make crude the world's reserve currenc...Why not make crude the world's reserve currency?Anonymousnoreply@blogger.com