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

To: Baba 2 who wrote (37955)	7/29/1999 3:14:00 AM
From: Zardoz	Read Replies (1) \| Respond to of 117072

c'mon pal even you have to admit that the AOL's of this world..(.com's)..have had their run and are way overpriced stock equity is just another commodity. Maybe GOLD has had it's turn in the limelight? Let's look at this further: As for oil, 40% from $13 a barrel is no way near cause for alarm... Excpet that that 40% increse goes right to the profit/loss margin of Airlines, and other transports. In the world globalization has caused many an economy to take on the trends of it's neighbors, as currencies can easily be transferred from country to country in search of the best return. If you think OIL is worth >$20/barrel then you got an economy problem of huge size. POG is not worth $300-$325, especially if you call it a currency. Question: How do the gold bulls price there POG? They generally look back 20 years, and say since 1971 the POG has been on average greater then $253... What sort of average? Economics WAS different then, as now. Globalization seen to that. When 1.3 Trillion US Dollar worth of currencies flow in a day, it's no wonder that so much gold trades hands, and yet still as a currency it can't compete. Follow those currencies that dump and never climb again, only to be devalued time after time. USA had a defunct currency once already. Consider Russia now. Can't currency, which does have a growth factor, outpace GOLD; and thus gold must fall relative to it? Question: Why don't gold bulls price gold in terms of a currency? Cause they are afraid of the truth. Hutch.