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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory -- Ignore unavailable to you. Want to Upgrade?

To: sea_biscuit who wrote (90398)	1/11/2008 11:55:47 PM
From: bart13	Read Replies (1) \| Respond to of 110194

Yearly gold prices (as of Jan 1): 1920 20.68 1921 20.58 1922 20.66 1923 21.32 1924 20.69 1925 20.64 1926 20.63 1927 20.64 1928 20.66 1929 20.63 1930 20.65 1931 17.06 1932 20.69 1933 26.33 1934 34.69 1935 34.84 1936 34.87 1937 34.79 1938 34.85 1939 34.42 1940 33.85 The official US gold price up to March 1933 was $20.67, $35.00 afterwards.

To: sea_biscuit who wrote (90398)	1/12/2008 1:28:00 PM
From: John Vosilla	Respond to of 110194

Interesting to see how much silver actually inflated during the recovery phase of the great depression from 1933-36. If not for the blunders in monetary and fiscal policy there never would have even been a second phase of a downward spiral starting in 1937. Who know if WWII had started a few years earlier we wouldn't even be talking as much about the great depression as it would have been over in only 3 years.. Why do no deflationists get that misallocation of capital and deficit spending that circulate through the system with a huge multiplier effect but that appears to go to money heaven are quite inflationary in the modern era where the printing presses work overtime to plug the holes in the dyke? Does it matter whether we build a tank to use in Iraq or a McMansion in Vegas bought with toxic loans that sits empty as a REO for years? Neither is productive and ends up costing the tax payers..