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

To: bill who wrote (62480)	1/5/2001 7:00:27 AM
From: long-gone	Respond to of 116764

<<I've read repeatedly that inflation is good for the price of gold. Therefore, if the effects are inflationary (all those homeowners needing raises to pay those hefty gas bill prices of>> It all depends on what "they" say is inflationary.

To: bill who wrote (62480)	1/7/2001 2:07:10 AM
From: IngotWeTrust	Respond to of 116764

Bill, you eloquently summarized the public polarities. May I respectfully suggest you try to locate your Political Science Prof and not just your Econ Prof? Bottom line, you need to see clearly the fundamentals of any supply demand product cycle, and separate that understanding from the spin doctoring of the "don't worry, be happy, Henny Penny" and that will lead you through the muck. Gold has been sequested due to the cash flow demands of various banking concerns, globally. Sure, skyrocketing prices of NG is inflationary. So is the budget blowing tripling of crude from $10 to over $30. But, we now have an inflation index that actually subtracts points when something bulges like those do so that we don't notice them in the index and voila, we have no inflation. However, there is just one problem on this one...I don't think harnessing spin doctor btu plus congressional hot air btu is an equal btu exchange for the shortfall in NG supplies this current winter! Keep your b/s detector fully battery powered, because it sounds like it is working jiiiiist fine to me. No, gold won't go up, and NG will come down...some day. And UTILITIES do go belly up...Never forget that the Bond Holders of Washington Power Utility, lovingly known as the WOOPS bond issue, broke and devastated thousands of senior citizens all relying upon that bond income to supplement their retirement and pay for their kids college expenses. The fed IS flooding the banking system with money, more than it did in prep for Y2K according to some statisticians... that is inflationary. But, with a currency not pegged to anything "concrete," no one really notices because there is always someone somewhere else who wants just "a few dollars more" to add to their "fistful of dollars" already on hand. So, we print like crazy here and ship them "there" keeping only about 28-31% of all printed currency stateside. We don't notice it and the rest of the world can't get enough. Crazy but it works...at least for a while longer it would appear. Don't watch the magician Greenspan, watch the hands...the ones in your wallet, that is...and invest and conclude accordingly! All the best. O/49r