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

To: IngotWeTrust who wrote (7371)	2/8/1998 6:43:00 PM
From: Terry Rose	Read Replies (2) \| Respond to of 116752

ole49r: My earlier post of monetary expansion and it's effect on inflation was fairly basic in it's principle. The main reason for the post was to point out that many countries are inflating their money supply at a substantial rate, even Switzerland is increasing at a 4% annual rate. This free money is entering the global markets and is the seed for the next cycle of inflation. I believe that Greenspan will allow inflationary pressures to grow as long as an Asian market meltdown risk exists. I see one of two outcomes happening: 1. Monetary expansion prevents a global market meltdown and as Asia recovers demand for resources ie. copper, oil, etc. accelerates and prices increase. 2. Monetary expansion does not work and the meltdown occurs. Either scenario should benefit the price of gold. Terry,