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

To: Bob Dobbs who wrote (26792)	1/22/1999 2:35:00 PM
From: Giraffe	Read Replies (1) \| Respond to of 116768

Comparison of current internet stock mania with late 70's gold. Cute chart. iionline.com

To: Bob Dobbs who wrote (26792)	1/22/1999 2:59:00 PM
From: Hawkmoon	Read Replies (2) \| Respond to of 116768

I think Giraffe provided a VERY INTERESTING example of what happens when Fiat money is undermined by gold speculation. I was frankly amazed by those graphs. Gold has been in a bear market since then. Should gold warrant reaching $850/ounce again? I wonder even more when we speculate about how we have a deflationary environment here in the US where prices continue to decline on basic commodities instead of inflating due to external causes like sudden shifts in the price of oil. But I do appreciate your compliment on my alledged knowledge. I've always considered myself a kind of "outhouse" economist in that in assessing international affairs and political stability, economics is always a driving motivator. But when a nation's currency is based upon a commodity like gold and silver, I'm all for that gov't controlling the means of production and distribution of that commodity. And I consider myself a pragmatic Republican, and certainly not a believer in big government. What I would see is the US public not being mislead or mesmerized by the promises of our current president to promise this or that. We have to never forget that nothing is given to us for free. Deficit spending has been far too free since we went off the gold standard. If you wish to change that vote Republican or Libertarian and strongly support the line item veto so that pork-barrel projects can be independently removed from appropriation bills. That would have the same result as going back to the gold standard, and with a whole lot less disruption. Regards, Ron