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To: waverider who wrote (5802)	12/4/1998 11:12:00 AM
From: Lucretius	Read Replies (1) \| Respond to of 14427

I don't believe I've ever said "rally is over" in the last 2 months, but I'll agree, I never thought it would carry back this far. Recall I've said watch the dollar as it will signal the end. it has. as for buying gold.... the future of gold hass yet to be determined. A week from now those that bought at the highs could be banking profits. That is the nature of buying at the bottom and holding for the L-T. Feel free to ignore me as always though, it is just my opinion.

To: waverider who wrote (5802)	12/6/1998 4:08:00 PM
From: Snowshoe	Respond to of 14427

History of Money from Ancient Times to the Present Day ex.ac.uk Diamond, Despite all the problems with LT's market calls, I think he is right to be concerned about currency. I've had the above link for a couple years, and I think I'll finally spring for the book. In particular, LT's beliefs about gold should be examined in light of his experiences with inflation throughout Roman history. Check out this section: A Comparative Chronology of Money from Ancient Times to the Present Day: 1 - 499 AD ex.ac.uk Here's an excerpt: 306 - 337 Constantine secures control over the West then the whole Empire Constantine issues a new gold coin, the Solidus, which continues to be produced in the Eastern Roman Empire unchanged in weight or purity for the next 700 years. (p 105) Constantine adopts Christianity and following his conversion, he confiscates the enormous treasures amassed over the centuries in the pagan temples throughout the empire. Consequently, unlike Diocletian, he has easily enough bullion to replace the earlier debased gold coinage. However he continues to produce debased silver and copper coins. Thus the poor, unlike the rich, are left with an inflation-ridden currency. (p 107,641)