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


To: E. Charters who wrote (82940)3/6/2002 11:16:03 AM
From: c.hinton  Read Replies (1) | Respond to of 116814
 
The peroid when gold was at it height prior to 1492 coincides with the closing off of overland trade routes to the far east by islam,as well as a general collapes of inter european trade due to the plague, the 100 years war in france and the inter city wars of the italian peninsular.Combine that with production and credit cycles, that is kondratief cycles and secular trends and an explanation may be found.TRADE or lack of it seems to be important.No trade leads to gold gaining in value/trade perfers bills of exchange and silver.
PS I am not happy with my responce,but this morning my son broke his finger and in 1/2 an hour I have to take my daughter for a kidney scan.Will try to get back latter,but tell me what you think of my answer so far.