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: PaulM who wrote (14970)	7/27/1998 11:16:00 PM
From: Broken_Clock	Read Replies (2) \| Respond to of 116759

Paul...what was WB's oil play?

To: PaulM who wrote (14970)	7/28/1998 6:21:00 AM
From: Bobby Yellin	Respond to of 116759

Templeton in interview a while back also said that politicians wouldn't allow deflation.. two of the greatest investors of century :)

To: PaulM who wrote (14970)	7/28/1998 8:50:00 PM
From: Lucky Lady	Read Replies (3) \| Respond to of 116759

Paul, you raised an interesting point...inflation or deflation? I see arguments on both sides: DEFLATION:corporate profits down and bankruptsies (y2k)--stock market and prices down--retirement savings lost..real estate prices down (D. C. area for years now)--the loss of home equity for the homeowner--cheaper foreign goods push down corporate profits--lay offs--"giant sucking sound" as corporations desert the American worker (shades of GM)--NAFTA and GATT and the recent treaty to decrease energy usage ..reductions in domestic manufacturing (most gone already)...consumer debt out of control ...lower available incomes--decreased demand for goods--dollar devalued against the EURO gold backed (since we went off the gold standard which Greenspan disagreed with)and no longer the basis of currency valuation--A GOOD BOOK TITLE= THE PLANNED DESTRUCTION OF AMERICA (THE RETURN OF THE HAVES AND THE HAVE NOTS) INFLATION:y2k run on the banks--$100s they are printing will be added to the money supply to address...new $50s were added without counter balance...same planned for the new $20s to be issued this Fall...read Greenspan in 1967: "The abandonment of the gold standard made it possible for the welfare statists (government bureaucrats) to use the banking system as an unlimited expansion of credit. In the absence of the gold standard, there is no way to protect savings from confiscation through inflation... Deficit spending is simply a scheme for the "hidden" confiscation of wealth. Gold stands in the way of this insidious process." gold-eagle.com "THERE IS NO WAY TO PROTECT SAVINGS FROM CONFISCATION THROUGH INFLATION..." Since we went off of the gold standard our money supply (inflation) has been increased regularly by plan...and an "unlimited expansion of credit"...recent tightening of the personal bankruptsy laws...result...confiscation of wealth..as prices rise ...haves and have nots... Comments anyone which way is it? I think...deflation. Thanks, LL