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

To: long-gone who wrote (37932)	7/28/1999 11:29:00 AM
From: Hawkmoon	Read Replies (1) \| Respond to of 116762

Richard, Next time could you put a space in between your comments and my own?? At first, I thought you were just reiterating my comments. There are two other motivating factors: power, and money in their own pockets. Past what line must the actions of a politician(s) cross to indicate they not only have stopped preserving the value and have worked to destroy to the value of gold? If either of the second two reasons induced them to cross that line, should questions not be asked? The currency of politics are votes. The reason they ARE in power is because someone voted them in. The reason someone voted them in quite likely, and cynically on my part, is that the politician possessed the necessary money needed to get his message out. How much money do gold miners give to those Nevada politicians that are screaming about selling IMF gold?? And Richard, for a politician, in deciding whether to support gold or a gold standard, or supporting flexibile monetary policy that support economic growth and overall employment in his district, he's going to pick the latter. A gold standard, as I and so many others have been trying to educate you all on, restricts economic growth potential, by limiting the amount of money available for commerce. A similar situation occurred with the railroads, as Martin Armstrong points out, when William Jennings Bryan exorted for a bi-metal currency backing, gold and silver. The information age is far more of an economic boom than the railroads were. That will require maximum monetary flexibility, something that gold just can't provide. Thus, its role as a currency or as a backing for currency will continue to be marginalized. Regards, Ron

To: long-gone who wrote (37932)	7/28/1999 12:18:00 PM
From: Winzer	Respond to of 116762

<<Politicians are driven by two factors... abiding by their oath to protect the constitution, and obtaining/retaining votes >> By the time the next election rolls around the cheap Y2K gold that was bought by many investors could/would be handsomely rewarded with a POG rally. The politicians might claim (what are the chances?) that they lowered the price so that the "average investor" (being careful not to mention themselves) can get into gold. Then they (GS) talk the market up! I can't wait to hear what the British comments would be when GS moves it up to the $300 they keep talking about and they sold at $260. Talk about good luck (vs good planning). Winzer