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

To: Hawkmoon who wrote (26781)	1/22/1999 1:31:00 PM
From: donald martin	Respond to of 116867

Oh yes, I've thought this through very carefully. Financial assets (stocks and bonds) are over-valued. Just my opinion. People have been brain-washed into believing they can throw money into stocks and they just go up and up. If rising gold prices end up being the wake up call to these people, so be it. But it ain't my fault, and it ain't gold's fault, if people are paying too much for their stocks and bonds. If the "johnny come latelys" wait to buy gold when it breaks $700, is it my problem if they've paid too much? I don't really know what to make of all the purported CB sales. And I wouldn't trust any report of what they're actually sitting on either. But, if this run on gold were to occur, then a disciplined central banker would be in a position to control his money supply by selling INTO a rising market. There's no better way to put a currency speculator in his place than to keep your monetary policy strictly disciplined. The flip side of that: there's no better way to put a cruddy central banker in his place than to short his paper. Again, gold does nothing proactive to anyone's currency. It just more or less holds its value.

To: Hawkmoon who wrote (26781)	1/23/1999 12:55:00 PM
From: Mark Bartlett	Read Replies (2) \| Respond to of 116867

Ron, <<It doesn't take much to shake people's confidence and willingness to "consume". When people don't consume, products aren't sold and businesses go belly-up. >> When people run out of money and credit, they stop consuming ... we are very close to that now ... GOLD HAS BEEN A SILENT WITNESS TO THIS WHOLE PROCESS. If there is to be a market meltdown, it will happen regardless of whether gold is at 200/oz or 2000/oz .... so why not 2000. MB