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

To: long-gone who wrote (53213)	5/24/2000 10:19:00 AM
From: Hawkmoon	Read Replies (2) \| Respond to of 116759

Richard, Of course we can expect inflation if there is a war. And so can China and every other participating nation, if not every nation. That is one of the conditions that I have stated over and over again as being positive for gold as any kind of global conflagration threatens the current financial status quo. That said, you have to gauge the immediate likelihood that China is going to take on the US. If you will review you history, you will see that the English Channel, as well as the RAF and Royal Navy, prevented Hitler from launching Operation Sea Lion, the invasion of England in 1940. Hitler prepared for invasion as well, assembling invasion barges and trying to knock out the RAF. England stood alone at that time, all of its allies having already been conquered. Yet STILL, Hitler did not have the necessary resources to make such an invasion with favorable odds of success (as well as the mistaken belief that Churchill would sue for peace). In 1944, the Allies assembled the greatest armada in history and invaded Normandy. Despite overwhelming air and naval superiority, and outnumbering the defenders by over 3 to 1 on the ground, we almost had our butts kicked back into the sea. In fact, there is a common interpretation of that time period that had Hitler released his strategic armored forces to local command, they would have been able to launch a successful counter-attack that would have made the allies tactical position untenable and required them to evacuate the beachhead. Even after we had made a successful landing, our forces were stuck in the Normandy hedgerows for 6 grueling weeks and only through the overwhelming massing of manpower and ordnance, were we able to break out during Operation Cobra. That said, China CERTAINLY lacks the resources to replicate such an invasion against strongly defended nation like Taiwan at this time, or for the forseeable future. And just because they are amassing armaments does not necessarily imply that an invasion is imminent. The Russians massed an incredible amount of manpower and equipment in Europe at the height of the cold war, and could easily have over-run Europe at any time. It was only the threat of nuclear escalation that prevented them from launching such a gambit. And the same cost/benefit analysis lies in front of the Chinese. Sure they might have the power to beat up on poor little Taiwan sometime in the future, but what will be the repercusssions for them should they fail, or should the situation escalate beyond their control?? Buying 24 supersonic anti-ship missiles is not going to tip the balance in China's favor. Trying to find a reason for gold to increase based upon fear mongering over China is nothing more than nefarious "straw-man" logic. Regards, Ron