SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Gold/Mining/Energy : Gold Price Monitor
GDXJ 113.22-0.5%4:00 PM EST
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: IngotWeTrust who wrote (6608)1/23/1998 4:32:00 PM
From: Bobby Yellin  Read Replies (2) of 116837
 
Hi-
I should have phrased the question in a more specific fashion..his
implication appeared to have nothing to do with supply/demand but
with currency...that is what really caught my eye because it was
totally a different way of viewing things..
his view then wouldn't be limited to oil but the results of confidence
in currency..maybe I am reading too much into that article..
if I am not reading too much in..then that could partially explain
why gold has behaved as it has..
bobby (ie. the dollar is the inflationed asset
"Someone once made a perspicacious observation. History does repeat
itself, but never quite in the same way. There will be another oil
shock, but it won't be caused by our government's refusal to pay more
for crude to cover the dollar's lost purchasing power. There has been
massive dollar creation over the past six years. What hasn't happened as
yet is dollar inflation translated into rising prices. Ironically, this
won't happen until the dollar starts to be replaced by the Euro. At the
first hint by OPEC that they intend to switch from dollars to the Euro
for payment acceptance of their product, the increase in U.S. prices
will begin. We call this the market's discounting of future events.
Every political action begin taken in this country is being done to
minimize the coming effect of the Big Bang - the switch from dollars to
Euros. As long as we can pay for crude in dollars, U.S. prices will
remain relatively stable. Once the Euro is used for world trade, U.S.
prices will soar."
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2026 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News