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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: Zardoz who wrote (80093)12/20/2001 4:33:50 PM
From: c.hinton  Read Replies (1) of 116761
 
To say gold is a moot investment is a huge generalization that is impossible to support.The mere existance of a market for gold and gold shares proves that statement conclusivly false. You talk of G7 controll over exchange rates.The dollar may appear to be controlled,but it is hardly a "stable" currency when looked at over a period of more than a year.Look at its relation to the euro and pound over the last 2 years.Markets dont like controll they like stability.I'm betting,but not the boat,that controll is being lost.
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