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Politics : Stockman Scott's Political Debate Porch -- Ignore unavailable to you. Want to Upgrade?

To: Jim Willie CB who wrote (10787)	12/24/2002 1:10:44 PM
From: lurqer	Read Replies (2) \| Respond to of 89467

Well again we disagree. Yes gold's rise in this secular bear is inevitable. And yes the Fed is a principal government entity affecting the POG. But remember Lindsay's cost of the war at 200 billion, and that's just the war - not the occupation afterwards. When you're already in fiscal stress, a 200 billion hit at the margin can really "push you over the edge". Since I believe that an Iraq war is only the start, well ... It's true that the double digit inflation of the '77 to '81 period was causatively associated with the last gold price spike, but history only rhymes so any forthcoming gold spike might come from fiscal rather than monetary irresponsibility. Something to consider. Again JMO lurqer