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

To: Eashoa' M'sheekha who wrote (28234)	2/14/1999 5:01:00 PM
From: Hawkmoon	Respond to of 116766

The US dollar is no different than any any other fiat with the exception that it is at this time considered safer than others.Things change, as they always do.To deny this is ignoring history.Gold's value will soar if the currency in which it is denominated is called into question.I don't portend this ,it is just so. Sure things change. That's why I focus on the Dollar/Gold contest for the hearts and minds of the world. I don't see the Euro as a present threat. Just an alternative so people don't get too hinky about having all their Fiat eggs in one Fiat basket. Hmmmmmmm. So gold is the dog and not the tail by this statement.I mentioned this some time back But who is holding the lease that let's gold run rampant over the Dollar, or puts that shiny metal back into the doghouse?? The CB, who still hold many decades worth of current annual gold production in their possession. They effectively control the market for gold and likely use it as a disciplining mechanism when government big spenders get out of line in the White House and Congress. No doubt about it…in the USA.It has appreciated considerably in countries who's currencies have taken a beating in the last two years or so.But this thread deals with I-N-T-E-R-N-A-T-I-O-N-A-L issues when not burdened by US insularity and had often dispelled the notion that gold does not retain its value during times of monitory devaluation and the like.I guess we have to just accept the fact that you speak from an American perspective only? Certainly no xenophobic bias meant on my part...:0) Were I Japanese, I would still feel the same way and believe the same things (probably..:0) Gold or another currency are the only two threats to the hegemony of the US dollar. And gold is a threat to all current Fiat currencies as it undermines the faith in current government and financial leadership. So the question is how much do followers of gold really believe in the face of worsening deflation in the US economy (Japan's inflation may become our deflation as their goods become even cheaper here in the US). It may be that gold goes even lower, or it may be that some event creates a paradigm shift in gold's favor. It would certainly have to be something that shakes the confidence in the US government to its very roots (like an impeachment, or its aftermath?). Who knows. But I don't try to bias my analsysis through American eyes. It just works out that the US is the only superpower left in the world. Regards, Ron