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

To: marek_wojna who wrote (85754)	5/24/2002 4:42:23 AM
From: E. Charters	Respond to of 116837

Why gold will rise. 1. It always has. 2. There is nothing a government can do to divest a commodity of its worth, if the people want it. 75% of gold is used in jewelry. 3. The M3 has ballooned to many times its size since 1980. Production has not commensurately increased. 4. The stock market has had its run. The Nasdaq is basically crashed. Many suspect a multi sector melt down is nigh. Business is bad everywhere. Money flowing into the market, except on a recession recovery has traditionally depressed gold. 5. There has been steady monetary inflation since 1980. About 2.1 times in value. This could get larger still as labour strike pressure is still there. 6. Oil prices have to go up in mid term projections. Oil supply is always fragile and finite. 7. World tensions due to long running disputes in the ME and widespread empowerement and polarizations of large groupos are getting worse. They do not look to get better for decades. 8. Interests rates cannot get much lower without bad inflation. 9. The United States has stated that it is at war. It is hinting at war with numerous other nations. Iraq, perhaps Iran, Korea. Some of these states are nuclear. They all have medium range ballistics. Some will soon have long range ballistics. Their antipathy to the States could not be worse or more deep rooted. This cannot have an easy resolution in the near term. EC<:-}