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Gold/Mining/Energy : Gold Price Monitor

GDXJ 114.87

+3.6%

Dec 11 4:00 PM EST

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To: Enigma who wrote (22281)	10/26/1998 1:55:00 PM
From: Zardoz	Read Replies (2) of 116813

"...in other words where is gold compared to 1971 after adjusting for inflation? We can then see the real increase in constant dollars from $35/ounce." Gold is an inflation hedge, not a growth commodity. You can't apply inflationary parameters to commodities. They don't have growth. Only direct interest bearing instrument are effected by inflation.

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