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Politics : Dutch Central Bank Sale Announcement Imminent? -- Ignore unavailable to you. Want to Upgrade?

To: Jim McMannis who wrote (5529)	4/25/1999 12:02:00 AM
From: Enigma	Read Replies (1) \| Respond to of 81804

I agree - and made this same point to Hutch - which he chose not to answer - to my knowledge we have not had a deflation since the 30's when gold stocks did well. We've had disinflation which some seem to confuse with deflation. dd

To: Jim McMannis who wrote (5529)	4/25/1999 2:27:00 AM
From: Hawkmoon	Read Replies (1) \| Respond to of 81804

Where was the deflation that wrought this? Jim, You must have misunderstood me. I would be stupid to deny that inflation creates strong value in gold. But I wasn't taking about inflation in that post. I was discussing DEFLATION and DEPRESSION. Falling prices and negative economic growth. Gold went to $800 an ouce primarily due to foolish monetary policy in the early to mid seventies... taking the dollar off the gold standard... and finally, OPEC's shenanigans. The POG was artificially high then, and some would contend now.