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Gold/Mining/Energy : Gold Price Monitor

GDXJ 106.90

+0.1%

Dec 4 4:00 PM EST

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To: goldsnow who wrote (12727)	6/9/1998 12:31:00 AM
From: ahhaha	Read Replies (1) of 116795

A high price for shabby goods that government is willing to pay for and tax you to get the money for, isn't inflationary. It's deflationary because you have less money to spend on constructive things. If government prints money in excess of the value being added to economy by all sources, that can be inflationary but only if the people don't change their spending habits and continue to allow the government to pursue irresponsible policy and don't resist government taxes. If through fear or confidence they approve of false prosperity created by beneficent government, they will get the economic collapse that follows virulent inflation. Before the fall occurs there is no question that there is period of time when the more distrusting elements of society factor their dough into precious metals and secret them away. Ceteris paribus that activity can drive the world prices of precious metals upward. It's a good call that scenario will occur in China and probably most of Asia all at the same time. That should get the prices popping.

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