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

To: Hawkmoon who wrote (53312)5/26/2000 11:06:00 AM
From: TheBusDriver  Read Replies (1) | Respond to of 116762
 
<<Given that logic dictates that gold would have to artificially revalued FAR HIGHER were it to regain a status as an equal currency, or one that backed paper currency, >>

ofcourse I see this as being a true statement. this is because the POG has been driven down so that more $$ profits could be made from the act of doing so. The volatility is a result of manuplitation IMO. At least the wide swings we are expecting or saw recently. Once gold is correctly valued then I would see an stable market driven by supply and demand.

wayne



To: Hawkmoon who wrote (53312)5/26/2000 11:26:00 AM
From: The Barracuda™  Read Replies (1) | Respond to of 116762
 
The commodity is scarce

Gold isn't scarce until people want it to be scarce. Scarce is a relative term. If the trillions of dollars that slosh around the world's markets spill into the $500 Billion gold market, gold will become very scarce relative to the currencies. But that isn't happening yet.


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