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

To: Follies who wrote (54512)	6/16/2000 1:38:00 PM
From: pater tenebrarum	Respond to of 116837

Dale, i am aware of this...i have recently studied inflation/deflation periods from 1260 until today, and the rampant inflation of the 20th century is really historically unique. one has to remember btw. that there have been very long periods of time when the stock market made no nominal progress either. had one fallen in a coma in 1906 and woken up in 1941, one would have not realized any time had passed looking at the level of the Dow. that is what imo proves that it is dangerous to buy stocks at the tail end of a secular bull market...the danger that a long period of underperformance ensues is rather big. while we're at it, adjusted for inflation, gold is back to where it was before it took off in the '70's. it really is cheap when looked at that way. the same goes for oil...in today's dollars, the '81 peak was $73 bbl. so it is still far off the peak seen almost 20 years ago. regards, hb