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Strategies & Market Trends : Waiting for the big Kahuna -- Ignore unavailable to you. Want to Upgrade?

To: stan_hughes who wrote (56018)	10/30/2001 12:43:52 PM
From: blitzfund	Read Replies (1) \| Respond to of 94695

Stan you the Man, and generous at that:) Blitz P.S. But you must admit GOLD has been quite the little trooper over the last year.

To: stan_hughes who wrote (56018)	10/30/2001 1:24:13 PM
From: Real Man	Read Replies (1) \| Respond to of 94695

I can agree with that. True, gold can go down during deflationary environment. The central banks will fight deflation, though - they know how to print. In fact, the Fed has already started printing (coupon passes) again! But gold is money, not just a commodity; gold supply has been inflated by bullion banks, much like money supply. The difference is, gold cannot be printed. The situation in the US is different from Japan in 1989 and from 1929: US is now the world largest debtor, not creditor. And debtor's currencies fall, not rise.