Gold Price Monitor Message Board

STOCKTALK

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 97.99

+0.3%

4:00 PM EST

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: Ming who wrote (14349)	7/10/1998 2:06:00 PM
From: Al Gordon	Read Replies (1) of 116753

Ming i liked your analysis.Two things here:1)for Asia even though the price of base commodities and precious metals are down,their currencies have depreciated so much this year in U.S. dollar terms, that over there prices for these things are way up.In Indonesia for example rice is up 50%.The real value of gold also becomes clear because as these currencies plunged against the dollar the purchasing power of gold held steady against the dollar.It rose relative to the decline of the paper money.That's why gold is the ONLY hedge against a meltdown of the paper money system.For example in Canada the dollar is 67cents but an ounce of gold is around $450.

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next