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Gold/Mining/Energy : Gold Price Monitor

GDXJ 126.30

+3.6%

Jan 12 4:00 PM EST

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To: Enigma who wrote (97462)	4/16/2004 3:50:08 PM
From: Seeker of Truth	Read Replies (2) of 116853

The case for gold looks very good, since the jackass group in charge in the White House guarantees weakness of the US dollar. So gold will appreciate relative to the US dollar. But how about relative to the currency of a country which is not running a deficit either in the government or the balance of payments? You can get a fair interest too. There are a number of such governments. Canada is one. The small states of northern Europe run only small deficits. Since gold is selling considerably in excess of its cost of production, I can't see it rising with respect to the currency of fiscally prudent governments.

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