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Strategies & Market Trends : Booms, Busts, and Recoveries -- Ignore unavailable to you. Want to Upgrade?

To: Maurice Winn who wrote (68766)	1/1/2007 9:02:36 PM
From: carranza2	Read Replies (2) \| Respond to of 74559

Gosh, what a stupid argument the creator of that graph makes--the stock market has crashed if you compare it to the price of gold, which is the One Real And True currency. It is so stupid, I decline to say why it it is stupid. A fact as self-evident as its stupidity should require no further comment.

To: Maurice Winn who wrote (68766)	1/2/2007 11:28:48 AM
From: Moominoid	Read Replies (1) \| Respond to of 74559

In the end, the price of gold is the cost of digging it out, plus a bit of profit. In the long-run yes... and that is a race between demand on the one side and the combined effects of resource depletion and improvement in extraction/exploration technology on the other. Then there are the central bank stockpiles and all the gold already out there that could be sold by its owners.... it is closer in some ways to the housing market in that sense than say the oil market.... In the short-run there are demand/speculation fluctuations that can be exploited. Gold is only "money" as long as some people are prepared to believe it is.