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Gold/Mining/Energy : Gold Price Monitor -- Ignore unavailable to you. Want to Upgrade?

To: Zeev Hed who wrote (36457)	7/4/1999 9:10:00 AM
From: Achilles	Read Replies (1) \| Respond to of 116758

I was trying to provide a simple model in order to illustrate the argument. Instead of 'bread' let's use 'stuff'. Everyone in the world produces 'stuff'; as the economy grows, more 'stuff' is made. If the amount of money does not grow (because it is tied to gold), but the amount of stuff is growing, that would require a fall in price. You, however, were saying that the gold standard would be inflationary. I can't see why it wouldn't be deflationary.

To: Zeev Hed who wrote (36457)	7/4/1999 1:26:00 PM
From: goldsnow	Respond to of 116758

By the way, look at wheat and corn, a real calamity in pricing there right now.>>>> That is not because of excess-but because people can't afford to eat...Help is on the way? You see Asia is up, oil is up, more revenues, more ability to buy wheat, and other staff... No different than Sarangetti, more rain, more Zebras, more lions...more animals more diseases..less animals Locust Swarms Devour Siberian Crops MOSCOW, Jul 3, 1999 -- (Agence France Presse) Swarms of locusts from Kazakhstan have overtaken a central Siberian region, destroying hundreds of acres of crops in the span of a few days, the RIA Novosti news agency reported Friday. The locusts were first detected near the city of Novosibirsk, some 2,800 kilometers (1,750 miles) east of Moscow, earlier this week. Swarms of the migratory insects, which devour vegetation, have since descended on the sunflower and grain crops that are the region's mainstay, eating through nearly 500 hectares (1,250 acres) and leaving behind vast expanses of barren fields, in footage shown on NTV television. The devastation comes in a year when grain stores continue to dwindle across Russia and the nation's harvest is expected to be only slightly higher than last year's record lows. Russian grain stores by mid-June had fallen 63.2 percent from the same period last year, and Moscow warned of a possible need to import wheat to supplement harvests decimated last year by drought and record freezes. Russia's most important breadbasket is in the European part of the country, along the Volga River in the central Black Earth region. ((c) 1999 Agence France Presse)