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 Price Monitor -- Ignore unavailable to you. Want to Upgrade?

To: long-gone who wrote (89648)	9/16/2002 12:20:33 PM
From: IngotWeTrust	Read Replies (1) \| Respond to of 116815

Richard, did you hear Bill Griffeth (CNBC) just now on INFLATION? He & Chuck Gabriel <----billed as a Political Analyst of Prudential Financial are discussing some WSJ reference to the cost of the upcoming clean up op in Iraq... Griffeth quoted WSJ number of $57 BILLION to wage Gulf War. This was after Griffeth talked about the same WSJ estimate of $200 - $250+ BILLION for this IRAQ II effort a mere 11 years later. Griffeth stated: "with inflation and all, I suppose it is logical that [what cost 57 Billion 11 years ago now costs in the vicinity of $200-250 Billion now.] Now this is the SAME CNBC that reports monthly the CPI & PPI index that show no or negligible inflation for the past 11 years, right? Suddenly we have CNBC mouthpiece admitting we've lost between 400% - 500% buying power in 4 years? In a season when we have A) had the craziest bull market bubble we've ever seen here in USA shores, B) the strongest US$ in the "basket" in those same 11 years. This certainly puts the implementation of the Bretton-Woods Currency Accord into bold relief as a "successful operation." And it firmly puts a dint into the thinking of those who believe inflation is the basis for a runaway rally in the PoG. CNBC's old Economist, Bill Wolman is right...gold will move upwards in periods of DE-flation, as it has historically, time and again. The 1978-81 run was an anomally, not a precursor.