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Strategies & Market Trends : Currencies and the Global Capital Markets -- Ignore unavailable to you. Want to Upgrade?

To: Enigma who wrote (1640)	5/21/1999 9:59:00 AM
From: Henry Volquardsen	Respond to of 3536

the difference is that in the 70s no one else was selling gold. Also inflation expectations were high and the currency markets were tightly controlled giving people fewer choices to flee government depredations. Now the gold market is looking at close to a dozen central banks periodicly selling gold, inflation expectations are very low, and capital controls are pretty low allowing people lots of alternatives when they wish to flee their own currency.