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Strategies & Market Trends : The Stock Market Bubble

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To: Professor Dotcomm who wrote (3230)	6/7/2000 10:15:00 AM
From: Tommaso	Read Replies (2) of 3339

I was just thinking--that maybe inflation is a good thing as long as it doesn't totally ruin a country. One could make a case that the rapid advances of all sorts beginning with the sxiteenth century were partly due to increasing commerce stimulated by gold brough back from the new world. But then you think about Spain, through which a lot of that gold passed, and how little it had to offer the world in the next few centuries. All sorts of statistics seem to show that precious metals right now are either in truly short supply (silver) or have been pledged several times over against paper claims on them (gold)--and yet those markets hardly seem able to sustain any kind of upward move. Yes-- I see gold is down $4.80. Meantime people keep swapping their earned currency for these electronic entries called stock.

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