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Gold/Mining/Energy : Gold Price Monitor

GDXJ 98.59

-2.8%

Nov 13 4:00 PM EST

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To: Hawkmoon who wrote (53146)	5/22/2000 10:37:00 PM
From: LLCF	Read Replies (2) of 116759

<And then what? How would the available gold mining production support the rate of global economic growth? Is there that much gold?> No, no, no... the dollar would slowly float down against gold by the amount of extra supply deemed necessary by the fed to keep the economy lubricated... ie. if you're a monatarist by the approximate growth rate. What's wrong with that? In fact, everyone could easily compare what was going on with each currency vs the 'gold standard', who was printing away like nuts, who wasn't... and you'd have inflation to the tune of your growth [if prudent] just like now. The rest of your post is drivel predicated on the global money supply being held in check by gold production. DAK

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