Silicon Investor (SI) -- The First Internet Community

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 -- Ignore unavailable to you. Want to Upgrade?

To: BGR who wrote (35125)	6/10/1999 5:05:00 PM
From: Investor-ex!	Read Replies (1) \| Respond to of 116762

Currencies are just as certain as the economies that they represent. And why then, do current, high-growth economies continually devalue their currencies? Why did the entire high-growth Pacific Rim, the "Asian Century", go through a round of devaluations and is now poised again on a second such round? The only certainty in a fiat currency is that it will inflate away at a real rate faster than the nominal risk-free interest earnable on that currency, if the economy doesn't collapse first from the cumulative effects of raging, leveraged debt. What does gold represent other than blind faith on part of a few inflation hawks? Gold, if not the basis of a system in opposition of the boom and bust syndrome cited above, is a hedge against basing a monetary system on "promises" instead of realities. Aside from its many and mundane uses, gold, when not used as money, is simply the hedge against the predictably ill effects of what fashionably passes for "money". History repeatedly teaches us these monetary truths and we ignore them at our own peril. The few will manipulate the value of money at the continual expense of the many. The many know not that they are victims of the few and will indignantly defend the few and their manipulations. The few know their manipulations have limits and will move to protect themselves as those limits ultimately arrive. And the many will be left to fend for themselves.

To: BGR who wrote (35125)	6/10/1999 5:07:00 PM
From: goldsnow	Read Replies (1) \| Respond to of 116762

Currencies are just as certain as the economies that they represent. What does gold represent other than blind faith on part of a few inflation hawks? >>> Blind faith-or historic perspective (gold or dollar) is the matter of debate....Gold is rare, has significant costs to produce, is in high demand (demand exceed production) US Treasuries slump again amid signs Japan on mend By Steven Scheer NEW YORK, June 10 (Reuters) - Signs of economic recovery in Japan brought more U.S. Treasury market bears out of hibernation Thursday, as prices crumbled again and yields continued a steady climb into their highest levels in well over a year. Heavy selling in Asia before the U.S. market even opened pushed Treasuries lower early. The long bond's yield had jumped to a 14-month high of 6.08 percent before short-covering and bargain hunting stopped the bleeding around noon in New York. ''When New York walked in it was confronted with the dollar getting crushed overnight and Japan's GDP was higher than expected,'' said Ray Remy, head trader at HSBC Securities (USA) Inc. ''The market has a negative tone.'' In late trade, the benchmark 30-year bond was at 88-30/32, down 10/32 from Wednesday's close. It's yield was at 6.06 percent -- its highest close since April 30, 1998 -- up from 6.03 percent. It was the third straight bond market decline, in which yields have jumped about 10 basis points. ''It's all been momentum trades,'' said Vincent Verterano, head trader at Nomura Securities International LLC. ''The price deterioration has been dramatic.'' A 1.9 percent rise in Japan's first-quarter Gross Domestic Product (GDP) growth -- annualized to a 7.9 percent gain -- jolted the market and the dollar. In U.S. trading, Treasuries largely stuck to narrow ranges. (Note: this article is ''in progress''; there will likely be an update soon.) biz.yahoo.com

To: BGR who wrote (35125)	6/11/1999 7:44:00 AM
From: long-gone	Read Replies (1) \| Respond to of 116762

Do you know why gold will always have a great value? 1. scarcity Despite the greatest efforts of neat every government on earth, it is rare. We find no large amount lying loose on the ground for the picking-up. Even the most opulent private homes are not roofed with it, despite it's superiority over (the also expensive) brass, copper, and steel. 2. trust, greed, and truth Even those who love more government control and monitoring do not trust every possible future derivation of government with unlimited access to every last bit of personal wealth for all time. Those with any wealth wish to be able to move, store, and transfer with-out record some portion of that wealth for all time as the most basic form of insurance. Even those currently in power anywhere on earth know and understand the present state of affairs may not exist with-out end, and do not trust what that future might bring. Why are there 250 oz of gold coin carried on board Air Force 1? Do you want every last penny you own viewed at your death by the IRS and possibly taxed? Do you trust current lover to evenly split that last two cents with you in case of divorce? Do you want your money to the last cent tied up by a possible future court action? An arbitrary figure has been set (even here in the US) as a maximum amount of cash one can carry aboard every public commercial conveyance. This can be increased or enhanced via the creative use of gold.