Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: Bobby Yellin who wrote (5585)	4/26/1999 8:26:00 AM
From: Enigma	Read Replies (1) \| Respond to of 81079

Bobby - a long time back on the other thread I pointed out that gold - actually gold stocks - benefitted from deflation in the 1930s. Gold was pegged at $35/ounce officially until 1971. The famous case of a gold stock doing well in the 30s was Homestake and there must have been others - and there is a web site somewhere which shows this - I may have it bookmarked somewhere.(I do: gold-eagle.com But all of this happened over 60 years ago - so to say -and for Hutch to say (someone still in his 30s) that gold 'always does well in a period of deflation' seems to be stretching things somewhat!! We've had inflation of one degree or another since WW1 - so that is all most of have known in our adult lives. In my opinion gold might do well if we have another period of deflation - heaven help us - but one can't be sure - but Hutch is always sure - that's why he is so endearing?. As for getting amusement at other's expense I do hope not - but I also hope there's some room for dry wit and irony - about which others have to be the judge. Thank God we're not on Kosovar on this thread - yet. dd