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Politics : Dutch Central Bank Sale Announcement Imminent? -- Ignore unavailable to you. Want to Upgrade?

To: Mark Bartlett who wrote (6487)	6/17/1999 9:23:00 AM
From: Hawkmoon	Respond to of 81990

We have heard your argument - the same one - for months now. You are free to express it - but you dominate the board with the same words time and time again ... we are sick of listening to it. Yeah, just like I hear the same tired rhetoric from the rest of you all. Bill Murphy has been railing against the gold conspiracy for years now. Second verse, same as the first. Gold will go up, IMO, under current belief systems, when there are signs of rampant inflation underway. And then we'll have to judge just what is the definition of inflation. Is it the return of prices to what the once were, or the fact that after achieving a semblance of price stability at current levels, any increase then become inflationary. That's the problem, Mark... when global pricing power declines to the extent that it has in commodities, any increase from the bottom of those prices can be considered inflationary. Is it inflation if a commodity, whose value has been cut in half over the past 6 months, suddenly bottoms and then increases in price?? Or is it inflation when the price of that commodity exceeds previous highs?? And listen, Mark... if people wish to hold gold on the chance that we'll have another oil crisis or a major war breaking out, that's fine, so long as they are aware that gold may act differently than it has in the past. There is nothing wrong with having a portion of gold in the portfolio, IMO, for sh**s and giggles so that if the physical world suddenly implodes physically and financially, then maybe you have something that someone will recognize as once having been valuable. But personally, I would rather have a stash of cigarettes and coffee which would exceed their weight in gold in a Mad Maxx environment. But I know people who have either sold their stocks and bought gold, or have bought gold stocks, thinking that Y2K will be the end of the financial world and that gold will rocket to past highs. It just isn't so. And the lurkers on this thread deserve a more even handed argument from the gold sector than preying on people's patriotism, fears of Y2K, .... etc. Regards, Ron