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

To: scotty who wrote (3838)	12/5/1997 7:32:00 AM
From: Ron Wilkinson	Read Replies (2) \| Respond to of 116857

Scotty, I may be wrong but I believe their is so much paper out there now with the US debt scattered all over the world that I believe many bonds will have to be sold for cash to maintain some people and countries. In a catastrophic deflation as I think you imply, bond prices will collapse. IMO. Regards, Ron.

To: scotty who wrote (3838)	12/5/1997 10:51:00 AM
From: Bill Ounce	Respond to of 116857

Deflation is a fear of mine too... Sure hope drop in gold isn't a forewarning of a 29 style deflationary collapse.Liquid U.S. bonds could be only paper winner.Still waiting for panic sell-off in broad stock market and flight to bonds,coins. My own nightmare: (1) Deflation will continue in the commodities market for the next two years, gold falls even more because CBs (keep threatening to) dump gold. Then Y2K problems cause a general financial meltdown with the general population trained to believe that gold is NOT to be regarded as a currency. (2) Not enough people currently own gold/silver coins to guarantee their use as a replacement currency should Y2K really mess things up with the dollar. If gold is still viewed as just a commodity, its pricing mechanism may also get broken from Y2K issues. Who knows, these "CB trained" people might use Beanie Babys rather than gold as a currency :-) Really hope that gold spikes up before late 1999. That will take care of both problems outlined above.