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

To: Jim Ilchyshn who wrote (4282)	12/14/1997 11:07:00 PM
From: Ron Wilkinson	Read Replies (1) \| Respond to of 116753

My friends, do not to let the theories about consumption and inflation and psychology taint your vision on the future price of gold. Governments have, can and will continue to fix the price of gold as it is their pleasure. In our life times gold has been, illegal to own, been fixed at less than 50$ an ounce and never allowed to go over 1000$ an ounce and this despite two world wars, oil crisis, protracted cold war, and crashes in other countries equal to ours of '29. I too believe that gold may increase significantly in value because there is little else to turn to if the financial system comes unglued. Place not all your eggs in one basket. Regards, Ron

To: Jim Ilchyshn who wrote (4282)	12/15/1997 12:46:00 PM
From: Jim S	Read Replies (2) \| Respond to of 116753

If confidence in financial assets and government controlled currencies was to significantly reduce, then the total gold reserves of all CBs (worth 320 billion dollars at current gold prices) could be absorbed in an instant by private investors. Jim: Excellent point, and thanks for taking the time to respond with such a good link. My question, though, dealt with the obverse of this situation; namely that gold itself is being discounted, and there seems to be an effort to remove confidence in gold to the benifit of fiat currencies. Where does that take us? Thanks again, and good trading, (the other) jim