Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: goldsheet who wrote (60339)	10/29/2000 10:32:53 PM
From: Alex	Read Replies (1) \| Respond to of 116931

Hi Bob. It seems that the pog use to respond to a number of factors, virtually none of which it seems to respond to today. Oh, it responds to factors that would traditionally indicate that the pog should fall, but immediately upon a reversal of those factors, which should indicate a rally, the factors are immediately discounted. That would seem to indicate manipulation, and if so, then maybe no free market relationships matter. Sort of like that pesky inflation\non inflation thingy. If only we ignore the inflation then there will be none. So says government, ergo it must be true. The law of supply and demand applies to gold but not to greenbacks, so says government, ergo it must be true. You are right Bob. Anyone can make anything look almost any way they want, if they have a mind to. The public may even buy that an unlimited supply of vapor currency backed by the good name of government holds more value than a finite supply of gold. Yes, if only we could ignore that pesky thingy called history. For in a real long term relationship between gold and any fiat currency, there's only one left standing :).