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Pastimes : Ask Mohan about the Market

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To: Zeev Hed who wrote (11467)	12/14/1997 6:57:00 PM
From: yard_man	Read Replies (1) of 18056

>>I think that economists have long recognized that fact (maybe even at the Bretton Woods conference), but in order to avoid major dislocations in the markets, they kept that secret to themselves, letting the world accept this simple reality slowly.<< perhaps I'm really ignorant of things, but what major dislocations are you talking about? How many currencies are there that are actually tied to gold? Is there or is there not currently a huge short position in gold? I'm not a super gold bug, but isn't there more here than simply supply and demand? Why was the fed keeping its eye on the price a while back -- to look for hints of inflation?

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