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Gold/Mining/Energy : Precious and Base Metal Investing
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To: austrieconomist who wrote (9870)4/16/2003 6:29:34 PM
From: russwinter  Read Replies (1) of 39344
 
I consider 8% for MZM and 15% for M2 to be quite high for an economy growing at a questionable 2-3% GDP. Is the system using this money creation for productive purposes? Not really, just fueling speculation and credit in housing and real estate. I think some will filter into commodities because of looming inventory and supply problem in many of these. Gold supply as a form of money isn't growing at these rates, and why wouldn't institutions and individuals consider that one, especially relative to fiat?
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