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Gold/Mining/Energy : Gold Price Monitor

GDXJ 124.11

-13.6%

Jan 30 4:00 PM EST

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To: Ahda who wrote (86314)	6/3/2002 1:07:30 PM
From: E. Charters	Read Replies (1) of 116946

If gold becomes scarce compared to both money and production then gold will simply rise in price. There is no limiting factor concerning gold's abundance. It will not tie the economy down. It is just that trying to de-index any commodity is suspicious. Gold is a single commodity index,. The CPLIE is a multi commodity index that is not used except to tell people what they already know. The money is not enough. Neither index is sufficient to control an economy as governments can print too much money at any time. They did after the first world war when they were on the gold standard and inflation skyrocketed. We still need financially responsible government, free gold or no.

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