GOLD: WHAT IF IT IS NOW JUST A COMMODITY? Message Board

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Gold/Mining/Energy : GOLD: WHAT IF IT IS NOW JUST A COMMODITY?

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To: Bobby Yellin who wrote (16)	11/13/1997 9:00:00 PM
From: MUDMAN	Read Replies (1) of 22

Bobby: All valid points. Regarding the POG: C.B.'s didn't have the ability to manipulate the price of oil. Oil is a neccessity as a commodity. Gold is a luxury as a commodity. Its primary value in the past (and currently still) is as a store of value. My question is: what is gold intrinically worth as a commodity if the C.B.'s are successful in removing the greatest part of gold's value - as a store of value. I neither expect or want that to happen (I want the opposite!). Regarding the inflation/deflation/Asia saga and the equities market: perhaps the best thing for the equities markets might be an UPTICK - YES UPTICK - in the PPI and CPI #'s due out tommorow and next week. Right now investors are concerned with the pricing power of US co's and what that means for profits. If there might be some evidence that they have some pricing power via higher PPI and CPI #'s than expected, this might be GOOD for equities! Anyone else thinking this crazy idea? Mudman

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