Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: Tommaso who wrote (61)	2/16/2002 7:29:26 PM
From: At_The_Ask	Read Replies (2) \| Respond to of 203

Tommaso, You may have encountered this already in your studies, but the 35 bucks an ounce target was unsustainable and thats why it was abandoned. The US was redeeming dollars for gold at that price and smart people were taking them up on the offer. That is the reason the fix was abandoned. If gold was really only worth 35 dollars an ounce then the government wouldn't have confiscated it. (The fact that they even got away with it frightens me and the more I learn, the less I believe America is a "free" society. But thats another topic.) The huge expenditures incurred in vietnam and by the battle against poverty on the homefront created massive inflation and once the fix was removed gold shot to 800 an ounce. 800 was probably an overshoot but adjusted for inflation Ill bet gold is pretty cheap right now. This is a pretty good link about historical pricing. Be sure to check the dow gold ratio chart. webferret.search.com A good case for commodities interveiw. www.forbes.com%2Fglobal%2F2000%2F0724%2F0314048a.html,,aol