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

To: Rarebird who wrote (52045)	4/28/2000 2:39:00 PM
From: Alex	Respond to of 116764

The law of supply and demand, that is so often applied to gold here, has no standing with regard to greenbacks, or even worse, electronic currencies. Many of the same people who spout this here would also have you believe that no one would buy gold as a hedge against this money supplied inflation, because there are better ways of dealing with this in today's world. Such as inflation indexed bonds. I pay little attention to bonds, but something smells here. The govt. promises to protect you from inflation by promising to inflate the interest you earn by any amount necessary. Ergo, the answer to inflation is hyper inflation. But hey, since the law of supply and demand don't apply any longer to money supply - so what.