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Gold/Mining/Energy : Kinross Gold
KGC 24.95-1.9%3:59 PM EST
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To: the Chief who wrote (279)12/15/1998 1:48:00 AM
From: AGORA  Read Replies (1) of 530
 
Cruncher and Chief. We think you are both right. When you print more money, the value of the currency depreciates. However, inflation and even-hyper inflation sets in with respect to the price of goods. South America in the 80's and early 90's is a prime example. You know, 1,000,000 pesos to buy a loaf of bread. That sort of thing.

The hyper inflation is usually a domestic phenomenon but a weaker currency is an international one. Thus, more $US printed = depreciating value, which could equal a shift of investment into gold.

Just our two cents, which may actually be worth even less :-)))

Regards,
Agora
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