SI
SI
discoversearch

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.
Politics : Dutch Central Bank Sale Announcement Imminent? -- Ignore unavailable to you. Want to Upgrade?


To: The Vet who wrote (20794)4/26/2004 3:36:15 PM
From: sea_urchin  Respond to of 80950
 
Mr Vet > the anchor for all would be gold so the relative values and purchasing power of each currency would be obvious to all.

As I said, they don't want that. Nothing must be obvious to anyone. Arguing from your side, I can mention that Jude Wanniski believes that a low gold price is actually very deflationary and therefore detrimental to the economy.

gold-eagle.com

>>>Wanniski has praised Greenspan since he took over at the Fed in 1987, but recently scolded him for not recognizing falling gold prices as indicating global deflation.<<<

But Greenspan, in his recent speech, has announced that there is no danger from deflation. So, maybe therefore, +/- $400 could be a price for gold that suits "everyone".