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

To: Enigma who wrote (26600)	1/20/1999 11:22:00 PM
From: Hawkmoon	Read Replies (3) \| Respond to of 116764

BoubleD, I understand your perspective, but look as far back as the Spanish conquest of the Americas, and how the Spanish fever for Gold/Silver later caused rampant inflation throughout Europe. People perceive that paper has value based upon the "full faith and credit" of the gov't issuing it, and based upon that gov'ts ability to service debt. Gold/Silver/Platinum are commodities, that share a unique historical belief that they are somehow intrinsically valuable as currency. The conflict the CB face is trying to maintain a balance between the two beliefs.... Fiat money or Fiat gold. Gold can be increased through intensive mining of available deposits just as paper currency can be printed. There are more costs to mining gold, but were huge gold find to be discovered, that would undercut the perceived value of gold just as printing more paper undercuts the perceived value of paper currency. And higher gold prices would severely impact those industries, namely electronics, which relie on an inexpensive price for gold. The price inflation in electronic products would soar as well and stunt the expansion of productivity enhancing technology industries. And I'm not discounting the junior mining companies who actually have gold reserves in the ground and are mining them currently, although on a limited scale. I just want a few choices from some conservative, DOMESTIC (or located in a free world country where they are less likely to be nationalized by the gov't) larger or mid-size operations less susceptible to credit crunches. Do you have any potential recommendations I should look at?? Regards, Ron