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Non-Tech : The Woodshed -- Ignore unavailable to you. Want to Upgrade?

To: gpowell who wrote (30799)7/23/2005 6:26:19 PM
From: Square_Dealings  Respond to of 60907
 
I think the value of gold is that a lot of fiat dollars have been borrowed against it. Gold and silver are debt instruments.

All that is needed for the price of gold to go up is a call on the debt combined with a shortage of gold or an increase the cost to replace gold (like higher energy costs, rising labor rates, etc.)

This is the chart to watch imo
stockcharts.com[m,a]waclyyay[pb50!b200][vc60][iUb14!La12,26,9]&pref=G

With long term rates at 40 year lows the value of money and gold is low. Credit is easy. That could change soon, especially if the housing boom does prove to be a bubble.
Hard to imagine that it is not a bubble when people are getting 20% loans to qualify for 80% mortgages, no money down, and home prices are going up at a much faster rate than incomes. In fact people are being laid off.

m



To: gpowell who wrote (30799)7/23/2005 8:38:43 PM
From: Elroy Jetson  Read Replies (1) | Respond to of 60907
 
Typical Monetarist doubletalk.

Your naive faith in Monetarism in spite of its countless failures through out human history is touching. From John Law to Alan Greenspan Monetarist economics has always failed as it doesn't take account of human nature without the assistance of a time honored system using precious metals.



To: gpowell who wrote (30799)7/23/2005 8:50:17 PM
From: nspolar  Respond to of 60907
 
How enlightening to read your words.

Thanks.


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