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

To: Alex who wrote (49421)	2/21/2000 7:47:00 PM
From: goldsnow	Respond to of 116759

Capitalism Magazine: So, again, how does one interpret a rising price of gold? Richard Salsman: A rising gold price means investors are fleeing paper money for gold. As mentioned, this can result from a central bank issuing too much money, more than what's demanded to support trade, or by a Treasury official selling dollars and saying he wants a lower foreign exchange value, a policy which lowers the demand for dollars and raised the demand for gold. Or by both policies together. A rising gold price is bearish for future inflation, interest rates, bonds and stocks; a falling gold price is bullish, in time, for all these things. capitalismmagazine.com