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


To: Bobby Yellin who wrote (2749)11/2/1997 7:31:00 PM
From: long-gone  Read Replies (1) | Respond to of 116829
 
Bobby,
but how about any changes just after the last "correction"? I agree,
If the economy were as great as they say, they would be paving the streets with gold. this "greatest" economy in history is nothing but air on top of more hot air!
rh
PS
Bobby, Greenspan said the government should at times bail out investors. We gave big money to Indonesia. We can push our government for "equal treatment under the law"! Write your congressman today!
Tell him the only way to help us is to buy Gold off the market. I'll take a start of just a match of the $2 Billion sent over there!
Will you write them today? I did.
rh



To: Bobby Yellin who wrote (2749)11/2/1997 9:05:00 PM
From: John Barendrecht  Read Replies (2) | Respond to of 116829
 
Well Bobby, last week we had a news story here about oil industry having 3500 unfilled jobs. If you know what a hammer looks like you can get a job in construction. A lot of jobs paying $20 an hour go unfilled here. Government and City forecast severe shortage of high skilled workers over the next 2 or 3 years. Some smaller oil companies didn't get rigs last year and not sure they will get one this year to do last year's work.



To: Bobby Yellin who wrote (2749)11/3/1997 6:31:00 PM
From: PaulM  Read Replies (2) | Respond to of 116829
 
The Asian currency crises effect on the price of gold is perplexing. You'd think a lack of faith in paper currency would mean a flight to gold.

Instead, the Asians have now become net sellers. It is as though all the (quasi governmental) central banks have agreed, by common consent, to rely on the dollar for currency stability. Essentially betting on our economy and the U.S. governments adeptness at "managing" our currency.

Of course, this can only last so long. Gold was money by common consent BEFORE any legal tender laws or governemnt mandates. And when it (periodically) becomes clear this mandate fails in the U.S., as in 1979-1980 for example, Gold becomes money again.