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

To: Don Green who wrote (25110)	12/31/1998 1:23:00 AM
From: Enigma	Read Replies (3) \| Respond to of 116770

Well Don and Hutch - I'd say you provide a fairly steady stream of negativism for this thread - although in Don's case you seem to be a mellow fellow these days. BTW if I were the CEO of PDG or another gold major I'd insist that the company operate on the premise that gold would stay below $300 for the indefinite future. There is a mass of profit to be made here - especially in areas where the currency has turned soft. E

To: Don Green who wrote (25110)	12/31/1998 8:39:00 AM
From: long-gone	Respond to of 116770

Every generation has always brought "a new paradigm". None ever were as great as promised. "Always beware of buying at top or not buying at bottom." J.P. Morgan

To: Don Green who wrote (25110)	12/31/1998 1:43:00 PM
From: Hawkmoon	Read Replies (3) \| Respond to of 116770

Don, I might catch some flak for this, but I have to agree with you. Gold may go sub $250/ounce. I don't believe there is enough "blood in the streets" with regard to the gold market. As I opined (love that word..:0) earlier, I think the Central Banks will make every attempt to protect their Fiat currency and continue to pursue the demonetarization of gold. A gold standard by default limits the expansion of the money supply as there is only so much gold available. Having a percentage of your currency is only so much show, as how many people actually would be willing to exchange a Eurodollar for .15 in gold (15% reserve of gold for the Euro). Sure backing it with some gold gives an aura of soundness, but in the end it comes down to the health of the economy and political situation, ie: "Stability". But if the defecation hits the rotary oscillator with the global financial/political system, the strongest economy will see itself become the safe harbor as the US did in both WWI and II. When the last economy sound economy teeters on the brink of collapse, then gold will find its place as the storehouse of safety from ALL fiat money (and we would probably be involved in a major way by this time). Think about how safe the Euro actually is..... Europe sits next to what is essentially a bankrupt (economically, politically, and morally) Russian republic. This republic is facing problems with feeding its people, quelling unrest in the military ranks, and suffers an acute lack of direction. Combine that with the thousands of Nuclear warheads they still have and the fact that in all of this economic strife, they are still willing to manufacture and deploy a brand new solid fuel nuclear missile, and I really don't see why Europe is so safe (nor us either for that matter...:0). Europe is just hyping the value of their Euro in order to build some support as a rival currency. But without the political and economic structure that attracts capital to that country, it will prove short-lived. And believe you me, they will sell gold if they percieve a rising XAU is threatening faith in their Fiat money. IMO. Regards, Ron