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

To: Hawkmoon who wrote (28283)	2/15/1999 10:14:00 AM
From: Paunch	Read Replies (1) \| Respond to of 116764

Ron, You say that gold has only a psychological value, I say that gold is the only thing that has a real value. Our country has more than six trillion dollars of debt. When the other countries who are buying our bonds in order for us to stay afloat stops buying our bonds and starts selling the bubble is going to burst, and when that happens our paper money will become just that PAPER with little or no value, were as gold will forever retain its value. That time is in the not too distance future. Our country has been staying afloat by printing more paper money but when our paper is no longer regarded as the primary currency that will no longer be possible and the only currency left with any true value will be gold. Best Regards Paunch

To: Hawkmoon who wrote (28283)	2/15/1999 3:42:00 PM
From: long-gone	Read Replies (1) \| Respond to of 116764

<<However, we're in a global disinflation/deflation, where prices for commodities continue to decline to historic lows. That is a slighty tougher scenario to analyse given the economic complexities it creates.>> It could be the combination of the sudden drop in population, in some locals while others have had little or no population growth coupled with a notable increase in productivity. Many say the African continent has a lower population today than 15 years ago. We also know there have been great productivity increases in most fields. This could well be the exact same scenario seen during the great depression.