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

To: Bobby Yellin who wrote (30131)	3/16/1999 1:07:00 PM
From: The Vet	Respond to of 116758

In all of those countries Gold is even more expensive in their own currencies than it was a couple of years ago. Only in terms of the USD is gold cheap. Of course the strength of the USD can be easily explained away with a variety of excuses when comparing it to other fiat currencies - asset deflation in Japan when comparing it to the Yen, low commodity prices when comparing it to the Canadian and Australian dollar, bad politics when comparing it with the Euro, etc. That is easy to justify as the comparison is one fiat to another and every move in any direction can be rationalised and justified. It is easy to continue the charade that gold is just another commodity but if that is the case why the fuss and constant political comment and interference. I have never heard presidents of any country advocating interference in the price of copper, wheat or hogs. However Gold is no countries debt, and its price moves cannot be justified as casually as all of the competing fiats except by self serving statements advocating the death of gold and constant repetition advocating sales. Nobody ever advertises a large sale in advance if you want to get the best price for your product. The effort to support the USD and talk gold down must be unrelenting, least the populace should finally realise that the emperor has no clothes....

To: Bobby Yellin who wrote (30131)	3/16/1999 4:42:00 PM
From: long-gone	Read Replies (2) \| Respond to of 116758

<<just think where some of those countries would have been financially if the central bankers hadn't decided to trash gold besides this FED pushing for a strong dollar even though a lot of demerged countries had probably been enticed into slitting their own throats by having their debt denominated in dollars etc..or maybe I am off.. Everything has a price and what goes around comes back>> Good news is that governments always make the wrong investments. This means gold must be a screaming BUY!