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Gold/Mining/Energy : Gold Price Monitor

GDXJ 121.95

+0.8%

Jan 9 4:00 PM EST

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To: Hawkmoon who wrote (26875)	1/23/1999 4:52:00 PM
From: Mark Bartlett	Read Replies (1) of 116846

Ron, <<Hope that explain the scenario a little better...>> There was no need to have explained any further ... I understood exactly what your point was (is). My points are: a) the system should not have been allowed to get so "unrationalized". b) the Feds have to take the blame. c) those that are in the pickle are going to have to feel _some pain, or they will just do it again ... indeed LTCM is now looking for more investors. d) more transparency is needed (as we have both agreed). e) the lack of transparency thus far is no accident .. it allows certain groups to benefit at the expense of others. << But if you sell your dollars to gold dealers to purchase gold and the price of gold rises excessively fast you create the impression of inflation. >> Not necessarily so .. history shows us that gold appreciates during times of deflation as well. Also .. if there truly is inflation, it is going to show up, whether gold is the barometer or something else. If there is an economic implosion (and I certainly am NOT hoping for one) how are you going to protect your assets? ... with options .... IMO they will stand a very good chance of being worth nothing too, because of defaults ..... the whole damn house of cards will fall .... so that only leaves hard assets. I get the impression that you feel us goldbugs want gold to rocket to 2000/oz ..... and the whole economic world can fall apart so I can get rich .... not this one. I'd settle for 400-500/oz - where it should be considering the demand. Interesting discussion .. best to you. MB

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