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Gold/Mining/Energy : Gold Price Monitor

GDXJ 120.00

+2.0%

Dec 22 4:00 PM EST

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To: Phil Varichon who wrote (2687)	10/31/1997 10:50:00 AM
From: long-gone	Read Replies (1) of 116822

Philippe, May I somewhat disagree with the idea that POG did poorly during the years of 29-32. It was controlled during those years. A 19% drop in value was far better than anything else in the world.IMHO if something is far less bad than everything else, it is better. It should also be noted that during that time many survived by panning. There was a demand for gold when there was no demand for anything else. There was, during the years of the great depression, a somewhat booming blackmarket for gold. The value of the gold was greater near the borders(at least I know it was near the US/Mexico border and have heard stories of the same near Canada)of he US.In this rocking black market, a man could trade 1 - 1 1/4 oz for a very good herford bull which had an asking price of $100. richard

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