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 108.29

-0.9%

Dec 1 4:00 PM EST

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: Bob Dobbs who wrote (40739)	9/24/1999 12:55:00 PM
From: ahhaha	Read Replies (2) of 116790

These market mechanics have little net effect on price. They might actually cause a short term transient state to occur where the price changes +-10%, but that is no different from any other random commodity move. The price of gold meaningfully or trendingly only moves up from expectations of inflation. Inflation has the power to bust the society into the Stone Age where the ugly labor mob eats the authoritarian elite alive. Fear of this has the effect of driving gold on trend. In this inflation is the great equalizer. The inflation problem has yet to be solved by central banks in the 20th century and we are moving away from the possibility of its solution daily. A solution exists which is no farther away than a free market in money. That takes faith in people. Authority can't do that; it might undermine authority, and so inflation and gold will rise. How high depends on how determined authority is to make the false, true. Thus democratic society is devolving into the glory of the exalted state of the golden gods and the paper slobs. In this inflation is the great unequalizer.

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next