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Gold/Mining/Energy : Gold Price Monitor
GDXJ 94.04+0.6%Nov 21 4:00 PM EST
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To: long-gone who wrote (25387)1/4/1999 4:47:00 PM
From: Zardoz  Read Replies (3) of 116764
 
"Yes, I said (prior to your post) the word - cash. The stuff the Red cross says we should all have on hand for Y2k. Some of which might well turn into eagles. my point is money supply! inflation. Not Richard or any Y2K nut, The Red Cross!"

M1 is not money supply, but the supply of money. It neither has, nor creates inflation. M2 is money supply, and is inflationary... But not in a recessionary economy, or in a currency flux. But can be in an over valued currency that is falling. The US Dollar is nearly faired price, but the Euro, with a trade defecit with USA is in a serious over valuation relative to the Euro.
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