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To: Ilaine who wrote (4277)	6/4/2001 4:57:43 PM
From: jim black	Read Replies (1) \| Respond to of 74559

Cerulea Bleu, Might it not be curious to consider those numbers again if it were agreed by everyone, not just us paranoids on this thread, to remove the constraints on price of gold, that is to bring to an end the suspected war on the barbarous relic waged by central governments? E.g., revisit again your numbers were gold to be $US 650/oz today, not an unreasonable number in my view...just for grins jim black

To: Ilaine who wrote (4277)	6/4/2001 5:27:58 PM
From: pater tenebrarum	Respond to of 74559

well, this rise in the minimum wage is itself a side effect of inflation. besides, like i said, it makes no sense to only compare it to gold. so far all we can say is that gold has preserved its purchasing power better than the fiat dollar (i.e. you can buy more of the same basket of goods and services with an oz. of gold than with 35 bucks since the 'fix' has been removed in 1970). how well gold's purchasing power has really held up will however only become clear a few years down the road, as the carry trade winds down.