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Gold/Mining/Energy : Gold Price Monitor -- Ignore unavailable to you. Want to Upgrade?

To: Phil Varichon who wrote (2687)	10/31/1997 10:50:00 AM
From: long-gone	Read Replies (1) \| Respond to of 116822

Philippe, May I somewhat disagree with the idea that POG did poorly during the years of 29-32. It was controlled during those years. A 19% drop in value was far better than anything else in the world.IMHO if something is far less bad than everything else, it is better. It should also be noted that during that time many survived by panning. There was a demand for gold when there was no demand for anything else. There was, during the years of the great depression, a somewhat booming blackmarket for gold. The value of the gold was greater near the borders(at least I know it was near the US/Mexico border and have heard stories of the same near Canada)of he US.In this rocking black market, a man could trade 1 - 1 1/4 oz for a very good herford bull which had an asking price of $100. richard

To: Phil Varichon who wrote (2687)	10/31/1997 10:52:00 AM
From: Mike M2	Read Replies (1) \| Respond to of 116822

Phil, I don't have the share prices handy but Homestake mining was up 500% from 1929 to 1935 Mike

To: Phil Varichon who wrote (2687)	10/31/1997 4:16:00 PM
From: gregor	Read Replies (4) \| Respond to of 116822

Dear Phil : Man, I'm so happy to find some people who agree with my deflationary views.. Greenie doesn't have the slightest clue about what is going on. I listened to about an hour of his testimony this week and the poor old man just to begin looked bad--he must have bit off more than he could chew when he married a much younger woman. The major problem IMOP is him.. If he thinking that he is fighting the imaginary inflation ghost and raises interest rates he will put the skids on the stock market and the economy. My main point being ,if with a roaring economy we are barely raising the specter of inflation what do you think will happen if we enter a recession, spending goes into negative territory, deflation starts and then the possibility of a deflationary spiral will appear that will be more difficult to stop than an inflationary spiral.. We really need to start getting our point -- which is DEFLATION not inflation happy returns gregor