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To: KyrosL who wrote (14660)	2/8/2002 6:14:09 PM
From: Snowshoe	Read Replies (1) \| Respond to of 74559

Hedge funds manipulating price of gold? mips1.net

To: KyrosL who wrote (14660)	2/8/2002 7:49:51 PM
From: Ilaine	Read Replies (2) \| Respond to of 74559

Gold to dollar stayed at $22.67 from 1792 to 1934, when FDR raised the price to $35. The less knowledgeable don't understand that's what happened, they just look at the price hike, and assume it was due to market forces. If someone has a link comparing gold as a commodity compared to other commodities, that would be useful.

To: KyrosL who wrote (14660)	2/8/2002 7:59:49 PM
From: LLCF	Respond to of 74559

<You can't use the '30s as proof that gold performs well during deflation. Gold was officially money then, so of course it went up. Gold is a commodity now. So the scenarios that would support its current price are either stagflation or inflationary expansion. > Suffice it to say that there is certainly no proof it won't... btw, you've forgotten the Japanese depression as further 'proof'. That example also shows that you don't need gold to be official money, the fact is.... it IS money, world wide... the proof?? We'll we'll see if U.S. investors believe it like the Japanese soon enough I'm afraid. DAK