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

To: Ahda who wrote (79477)	11/20/2001 1:45:36 PM
From: Zardoz	Read Replies (4) \| Respond to of 116753

You can take a horse to water you can tie him up and try to make him drink but sometimes if you stand on your head and spit nickels it won't work. "You can lead a horse to water but you can't make him drink… unless you give him plenty of salt first!" Maybe it's the amount of salt that you give him that leads to the water drinking? Beware of linear thought. The Buying of Euros need not be at the cost of selling US Dollars. In an attempt to lower the YEN the Japanese may be diversifying their currency. Selling Yen for Euro's, Yen for US Dollars; and this could lead the Yen lower only. Where interest rates were so high and gold went up due to the increased potential of default now we have interest rates so low it is even more precarious to me than it was back then yet, gold is not being seen as a hedge to dollars being deflated all over the world. How exactly due you measure the deflation of a currency? Surely in your life time you've heard people say something along these lines. "A car in 1964 cost $1500, now they cost $44K". They use these sentences to expound inflation of the US dollar. It really doesn't matter what you use for the commodity, it can be a car, silicon chips, potato chips, or even gold. Oh I can guess your argument right now. Gold is the ultimate store of value, gold isn't affected by inflation... yet you'd be wrong in thinking that. This thread has ALWAYS fell into the traps of absolutes... there are no such thing as absolutes. All products are priced based on costs. How much it COSTS to produce such items. It's true that Gold being an element is much easier to purify then the construct of sub-micron elemental substrates{silicon chips}. But Gold doesn't suffer from deflation, or inflation... well then neither does the US dollar. If Gold is a currency, then it is a currency of Zero growth and Zero trade balance, Zero inflation, Zero Deficit, Zero Debt.... But those are what can make a currency. During the time when Gold was $600/Oz, what was the components of those items mention above. Did they lead the US into a highly profitable country, or has USA become a waste land since then? Maybe this is the solution that you need: You can lead a horse to water but you can't make him drink… because he's full of water already