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

To: Terry Rose who wrote (16442)	8/23/1998 6:56:00 PM
From: teevee	Read Replies (1) \| Respond to of 116762

I believe that the logical direction my musing takes is that one of two scenarios is possible: 1: Ultimately the $US dollar will also have to deflate along with north american wages ( deflation of a currency is the equivelent of a "pay cut" for working people as puchasing power 'takes a hit'-commodities are priced in US dollars), which could mean an even lower price for gold, or 2: other commodity prices will have to go up and currencies will have to reflate-this may be preceded by an increase in the price of gold-the premise of my prior posting (ie-gold is the "bell weather" commodity). Scenario one is political and economic dynamite and ensures defeat at at the poles. Also, it would take an extrememly serious and protracted world wide economic crisis, for this to happen. Scenario two is more palatable politically in America and allows everyone to "continue to muddle through" (ie. let the party continue). Regards, teevee