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

To: Zardoz who wrote (22288)	10/26/1998 2:08:00 PM
From: gmccon	Respond to of 116806

CNBC guest just said that the stronger dollar means European jewelers are buying less gold. (I'm learning.)

To: Zardoz who wrote (22288)	10/26/1998 3:53:00 PM
From: Enigma	Respond to of 116806

Hutch - you haven't read a thing I said! Maybe I didn't express myself clearly - but I'm saying that if you stated the price in constant dollars where would it be now and how much would it have grown since 1971 when the gold window was closed by Nixon, when it was $35/ounce. If gold is a store of value then should it go up at all when expressed in constant dollars? I can see that if demand exceeds supply and the converse that it will go up and down - but where do you think the price is now in constant dollars? $75/$125/$150 - I think you'd find the price is very low indeed. Now, what does that do to Elliott and all the other threories which use inflated dollars? E