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Gold/Mining/Energy : Barrick Gold (ABX) -- Ignore unavailable to you. Want to Upgrade?

To: ahhaha who wrote (818)	11/20/1998 5:02:00 AM
From: accountclosed	Read Replies (1) \| Respond to of 3558

Your Fed posts make for interesting reading. Out of curiosity, why do you post them to the ABX thread? While they may have bearing there, there are other more visible places to post such comments and get discussion going. fwiw

To: ahhaha who wrote (818)	11/20/1998 11:32:00 AM
From: dwight vickers	Read Replies (2) \| Respond to of 3558

Enjoying reading your thoughts on inflation and the price of gold. You are obviously quite knowledgeable on the subject matter. A couple of questions and comments if you don't mind. Shouldn't we see weakness in the dollar before a serious inflation problem materializes? Will the inflation problem be limited (broad sense) to the U.S.? I've been following the deflationary trends in this country for a long time. My take is that historically those cycles are extremely long, and deflation or price stability are the norm. Not inflation. Wouldn't it be unusual to see a swing back to inflation less than 2 decades after the peak of the most serious bout of inflation in our history? Is it possible that any looming inflation simply be a ratcheting up to the, let's say, 2 1/2-3% or so level, rather than double digits? That would fit more with a cyclic rise, within a major cyclical decline in inflation? I've been a deflationist for a long time, as well as a precious metals hater since the peaks in 1980. (OK, a little before the peak........) Changed my mind on the metals when Asia cracked last year, and started accumulating PM stocks, as well as physical gold and silver. But I can't get my hands around the problem of inflation being the catalyst for a move up in the metals. I'm more inclined to think that currency chaos, deflationary implosion, or even political turmoil would be more likely forces. In any case, is it possible that a combination of previously discussed factors (primarily a bursting of the speculative bubble, coupled with weak demand/excess supply) could keep us from the major inflationary scenario as you project it? Appreciate your thoughts. Regards, Dwight