Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: Francois H. Gaston who wrote (7979)	3/1/1998 2:25:00 PM
From: PaulM	Respond to of 116836

Suharto says the IMF won't Save Indo biz.yahoo.com

To: Francois H. Gaston who wrote (7979)	3/3/1998 1:14:00 PM
From: paul ross	Read Replies (2) \| Respond to of 116836

Francois- In a deflation like 1929 when the money supply is contracting, the price level of everything is going down, with some things just not going down in value as fast as others. Some say gold and gold stocks would be in this category, that they would conserve "relative" purchasing power. Others say gold and gold stocks would tank like everything else. An excellent reference on this point of view (gold price decreasing) is Robert Prechter's book At the Crest of a Tidal Wave. 199.250.130.131 Another point of view is that gold and gold stocks would increase in value, some evidence given at URL below. However, keep in mind the price of gold itself in the US was fixed at that time. gold-eagle.com In an inflationary environment like the late 70's (to inflate, expand the money supply, is in effect to devalue), rising interest rates and a declining dollar would have a tendency to lower most equity values. Gold and gold stocks should have a field day with most values going through the roof. PR