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Politics : Ask Michael Burke

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To: re3 who wrote (96051)	5/26/2002 10:45:44 AM
From: Mike M2	Read Replies (1) of 132070

R, one element of risk present in gold stocks versus non gold stocks as Alan Greenspan said " gold is the enemy of the welfare statist" . The gov't & bankers & public loved the wealth effect of the stock market bubble and they did much to perpetuate the bubble whereas the gov't and bankers probably do not want to have a gold bubble- too bad we're going to have one anyway due to their excesses. For me Larry Summers " Gibson's Paradox" article suggesting that the price of gold be "pegged" to maximize the effectiveness of monetary inflation is quite compelling circumstantial evidence. I believe that the price of gold has been suppressed - I cannot prove this but I believe it has occurred. The gold bull will have to fight the gov'ts and bankers but I believe gold will prevail. Mike

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