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Strategies & Market Trends : Mish's Global Economic Trend Analysis -- Ignore unavailable to you. Want to Upgrade?

To: yard_man who wrote (2143)	3/15/2004 9:49:23 PM
From: orkrious	Read Replies (1) \| Respond to of 116555

think it is a mistaken thesis -- i.e. the gold bull gets started in earnest when rates rise. It is low rates, loose money which has set the bull in motion in the first place -- sustained higher rates would serve to move money out of gold. look at the 70's and early 80's. rising rates and gold. heinz has discussed several times it doesn't matter if rates rise as long as you have a steep yield curve. First, we are gonna need water and food. If we have enough of those, then we are going to need energy to keep warm and to be mobile. Then, and only then, are we going to need any financial assets -- assuming we have functioning markets. you're looking at gold as a financial asset in the 90's vein. what it is is money and a store of value.