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Politics : Welcome to Slider's Dugout -- Ignore unavailable to you. Want to Upgrade?

To: maxncompany who wrote (2993)	10/25/2006 7:43:28 AM
From: SliderOnTheBlack	Respond to of 50176

re:["That may make sense from 1980 to 2000. But the last few years, from POG $250 to POG over $700, there was little wage inflation during that time."] You will always make more money(lots more)by asking the right questions,than you will in seeking the right answers. Ron asked THE right question. The US printed money and inflated non-stop from 1981 to 2000. So why was gold in a twenty year bear market? Why didn't anyone re-price Gold for those 1980 dollars in 1990, or 1995, or 1998 ? Because it's stinkin thinkin -- that's why. Only those drinking the Kool-Aid...would think about doing that. You must get this...or, nothing else matters: -- Gold is THE barometer for inflation. -- You do NOT reprice the barometer for inflation. Central Bank selling is no more manipulative than is Central Bank buying. Central Banks cutting interest rates is no more manipulative than Central Banks raising rates. The are all part & parcel of FREE MARKETS. Everything on some small scale is a "manipulation." Even the flapping of the wings of a single butterfly is a manipulation... But, in the end -- it's really still -- a free market. Speculations come and go...interventions come and go -- but, markets are still free. You just need to know an intervention, or a speculation when you see one... ...and don't drink the KOOL-AID. SOTB