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

To: Hawkmoon who wrote (27258)	1/29/1999 12:10:00 PM
From: long-gone	Read Replies (1) \| Respond to of 116762

<<I have been VERY CONSISTENT in expressing my belief that a wild upsurge in the price of gold will undermine the dollar. If the dollar is undermined, the stock market will crash.>> $325 - 450 would not be "a wild upsurge" only a return to the norm. I do not recall any of the widespread death and destruction you point to when gold was at these levels. Rather, gold has been at that point during "these best of times" under the Clinton administration. Perhaps, you should go back and look at the history of gold price a little better.

To: Hawkmoon who wrote (27258)	1/29/1999 1:08:00 PM
From: mick	Read Replies (2) \| Respond to of 116762

You must be American. Come live up North. I think the US$ is unsustainable. Its value to all other currency has increased so much that most of it is speculation. Take a look at the Northern Peso. On a per capita basis, the Can$ should be around $ 0.80. Now we make all types of excuses such as deficits and the Quebec question (which most currency traders don't even care about), but I blame it on an overly optimistic US$. Gold in many hedge funds is selling at $ 400. This is the true price. There is a shortage. It will go up. I don't see it causing anything like the clamity you are talking about. I think currency speculation has already done the damage to world economies. Its time to release some of the pressure on the US economy before it implodes.

To: Hawkmoon who wrote (27258)	1/29/1999 1:11:00 PM
From: Mark Bartlett	Read Replies (1) \| Respond to of 116762

Ron, <<I have been VERY CONSISTENT in expressing my belief that a wild upsurge in the price of gold will undermine the dollar. If the dollar is undermined, the stock market will crash. If the stock market crashes, every other stock market in the world will crash (further), and Trillions of dollars (or equivalent) will be utterly destroyed and the global economy and financial system terribly disrupted.>> If the markets were healthy, this would not be a concern .... seems to me what you are saying is: "lets 'manage' the historic indicator of an unhealthy market (i.e., gold), pretend it is still healthy (i.e., indicating no economic problems) ..... then the markets will also be healthy". Kind of like giving morphine to a gun shot victim, and telling him he's all better, because he does not feel pain anymore. This is not only rubbish, it is down right irresponsible IMHO. AG blew it by saying he would defend captital markets ... that's all the big players needed to hear, to pave the road to economic hell for us all. If there is a market fall, gold will certainly not be the reason ... irresponsible economic management by the Feds will be the reason. Best to you, MB