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Gold/Mining/Energy : Gold and Silver Juniors, Mid-tiers and Producers

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To: marcos who wrote (59847)	6/4/2008 7:20:53 PM
From: gold$10k	Read Replies (1) of 78404

Hi Marcos, Gold rose along with interest rates in the 2nd half of the 70's. It was not raising interest rates that stopped inflation and the POG. It was reducing the money supply. Message 23899349 Message 23899393 Even if Obama became President and appointed Volcker or someone with Volcker's attitude to be FED chairman, the supply of dollars would be much more difficult to reduce because so much of it is held outside of the U.S. What could the FED give foreign dollar holders in exchange? youtube.com That is on top of a financial/credit crisis, an outrageous current account deficit, an already weak economy, housing, consumer, etc... all of which in 1980 was nothing like today. IMO, Volcker-like actions by the FED would turn an inflationary recession into a deflationary depression like the 30's. vt

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