Precious and Base Metal Investing Message Board

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Gold/Mining/Energy : Precious and Base Metal Investing

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To: austrieconomist who wrote (18597)	8/29/2003 11:08:40 PM
From: Silver Super Bull	of 39344

AE, I know that many people believe that gold's recent advance is caused by the rather heady monetary growth. However, I don't necessarily believe this is the main driver of the gold price. In fact, it may not be one at all. I base this on the observation that for a long time (I would argue since 1987) there has been strong and near-continual growth in the monetary supply, not to mention the unbelievable growth in the overall credit marketplace. Yet gold was actually at $500 at the end of 1987. Here we are, a mere 16 years later, and many on this thread are wondering if gold can maintain or advance from the $375 level. DB

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