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Gold/Mining/Energy : Precious and Base Metal Investing
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To: austrieconomist who wrote (10980)5/15/2003 8:27:06 AM
From: russwinter  Read Replies (1) of 39344
 
<Lowering borrowing costs does not contribute to inflation and it is inflation that makes our PM stocks sizzle.>

Ultra-low interest rates reduces the contango necessary for gold producers to benefit from hedging, thus eliminating the element of accelerated supply, that plagued gold a few years ago. Of course I've made my interpretation of the inflation question known before, so I won't repeat it, but this environment of low interest rates and a weak economy is killing the USD, and gold is benefiting as an alternative store of money or value.
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