Gold Price Monitor Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Gold/Mining/Energy : Gold Price Monitor

GDXJ 98.04

+0.4%

Nov 11 4:00 PM EST

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: Rarebird who wrote (36402)	7/3/1999 11:43:00 AM
From: Zeev Hed	Read Replies (3) of 116756

Rarebird, I have had these argument with Vronski two years ago on the Golddigger thread when gold was still in the $320 to $340 range. Take your own number, the current value of Gold is $1 Trillion, at that outrageous number of $6300/ounce the value of that gold will be $24 trillions, about what the total worldwide growth product is. Do you really think that the value of a single commodity should equal the world annual gross product. If that is the fact, then the rest of the economy should be valued at about 20 times the WW gross product, and thus the US market at "only" three times the GDP is "Cheap". Ibeliev that gold is dead as a monetary instrument because it would intrinsically cause permanent inflation if it was the peg against which all monetary instruments are based. It is a long process of transition and thus gold will for quite sometime be under pressure, until the 20,000 tonnes in CB reserves (10 times annual production of gold) are slowly absorbed by those 5 billion people (I should say, a very small portion thereof) that still do not own gold. Zeev

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next