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

To: Ahda who wrote (86314)6/3/2002 1:07:30 PM
From: E. Charters  Read Replies (1) | Respond to of 116944
 
If gold becomes scarce compared to both money and production then gold will simply rise in price. There is no limiting factor concerning gold's abundance. It will not tie the economy down. It is just that trying to de-index any commodity is suspicious. Gold is a single commodity index,. The CPLIE is a multi commodity index that is not used except to tell people what they already know. The money is not enough. Neither index is sufficient to control an economy as governments can print too much money at any time. They did after the first world war when they were on the gold standard and inflation skyrocketed. We still need financially responsible government, free gold or no.



To: Ahda who wrote (86314)6/3/2002 1:35:39 PM
From: long-gone  Read Replies (1) | Respond to of 116944
 
But man can create an artificial scarcity (or lack there of) for only a limited amount of time. It is natural scarcity which drives the value of gold. Only during those times when he & his can drive public opinion that the public does not want gold will it remain of low value. Perhaps gold should not be the only money, but to deny that gold IS A money has now(again) been proven a fools folly.


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