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

To: Square_Dealings who wrote (67906)	4/19/2001 1:41:27 PM
From: E. Charters	Read Replies (2) \| Respond to of 116762

Gold is not a currency. It's the opposite. I know what you mean. it buys things, stupid.. Yes that is true. But let's not call it money. It has too constant a value to be called money. Instead its constant value buys money. That is why of all the commodities during the depression, its price alone rose naturally. From 20.67 in 1929 to 35 dollars in 1934 gold appreciated on its own. Only then did Roosevelt peg it at a fixed price. He was quoted as "watching its rise" with interest. I'll bet. Really, he pegged it to halt inflation of the dollar. To solidify the currency. If he said that gold was worth 35 dollars really he was saying "why look at our solid dollar, its worth 1/35 of an ounce gold." It had no choice but to be of course. This tendency of gold to rise in depressions and recessions is unique. It is because it has in the past always been treated as a kind of money. But make no mistake. Gold is not money or legal tender or coin. And it is a medium of value, - because it is a good commodital arbiter of value and also because a lot of people use it that way and say it is. No amount of selling by banks can change that. Ultimately the people can buy all that gold and also start to trade it black market or no, and it will regain its price. Since the people's money should equal the banks in an ideal world they should easily be able to do that. The only thing left is to take the trading and pricing market back from the Rothschilds (London) and the New York bankers. Let the people's market speak. It is interesting that the black market in Asia always priced gold higher by double than its street price. Strange. But of course it could not price it lower could it? It is plain that people who do not trust governments have no choice but to trust a universal trade "currency" more. Ok, you can use it as currency. But it's better, if you ignore the manipulation by the gold monopolists. (hard to do, I will admit.) They can buy gold with a license to steal interest. Ever notice that the banks will not pay interest on gold but they charge interest to loan it? It's time we rolled back their licences to steal. Bank charges are phony. Massive churn gold selling should be outlawed. They should be required to keep gold on hand, to at least 15% of issued currency. EC<:-}

To: Square_Dealings who wrote (67906)	4/19/2001 2:18:15 PM
From: Zardoz	Read Replies (2) \| Respond to of 116762

Gold is a currency dude sarcasm? Fine, then let's call it a currency. A currency that lacks monetary components. Which means that it plays second fiddle to real currencies like the CAD. It also lacks inflation, deflationary pressures, and growth. So what makes anyone think that it'll react any different then it did in 98? The idealism that Gold holds value is an ironic lie propagated by those similar too:" a Diamond last forever"; "Never try to time the markets"; "Dollar cost average" And yes a lower dollar can be good for gold and for tech stocks at the same time. I will leave that to you to figure out. That's fragmented logic. You make the assumption that the US dollar can only go lower. Yet I still haven't seen the 82 level that other predicted here on the GPM for the US Dollar index. I see little connection between the USD and techs stocks... {maybe you are blind Dude? But I'll leave that for you to figure out on your own} Maybe you'd like to equate the USD to Tech Earnings, and not the market cap of the stock. But that's not what you said. I think the GPM regulars are grasping at straws, and hoping too much.... Hutch