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Gold/Mining/Energy : Gold & Gold Stock Analysis -- Ignore unavailable to you. Want to Upgrade?

To: Mike M2 who wrote (22629)	11/3/2010 10:51:16 PM
From: carranza2	Respond to of 29622

Great stuff! I just scanned it noting that Summers has made the same points as the author of the piece I linked. Will read it carefully later. Thank you very much. Today has really been an eye-opening banner day for me as respects a more quantifiable and verifiable construct for understanding gold. 'Ex scientia pecuniae libertas'

To: Mike M2 who wrote (22629)	11/3/2010 11:19:09 PM
From: carranza2	Read Replies (1) \| Respond to of 29622

The article you noted suggests that Summers concluded that Gibson's Paradox is a reality even in the absence of a gold standard so long as there is a free market for it and that his conclusions fell apart in the 1990s when there was governmental interference in the market. As usual, government will screw things up. However, given the present realities, I doubt that there will be any substantial interference in the gold market any time soon. I had no idea that Summers or Greenspan for that matter were as knowledgeable about gold as they clearly are.