Gold Price Monitor | Stock Discussion Forums

SiliconInvestor

register

Sponsor

register

Gold/Mining/Energy | Gold Price Monitor

Previous 10 | Next 10

To: ahhaha who wrote (40580)	9/23/1999 1:39:00 PM
From: Ron Struthers	of 100862

There is a global over supply of goods and services and continued weak demand except for the U.S. consumer. Easy money policy has flowed into assets, rising prices, as a result only a small percentage of the world is seeing increased income to afford to buy goods. Most 3rd world countries are still trying to export out of recession. China is in a deflation, other countries affected by the Asian crisis allowed their currencies to collapse to avoid deflation. While the U.S. has plenty of $$, the rest of the $ debt world is crying for more. The problem is now spreading into South and Central America. CBs have temporarily halted the deflation wave by providing easy money for th U.S. consumer to go on a debt piling consumption binge and OPEC countries managing to rein in oil production and raise prices. I don't believe these trends can stay intact or are enough You can view more on my web site as I have some past writings up there on deflation sentex.net Ron

Share	Recommend \| Keep \| Reply \| Mark as Last Read \| Read Replies (2)

To: Ron Struthers who wrote (40714)	9/23/1999 2:16:00 PM
From: ahhaha	of 100862

Easy money policy has flowed into assets, rising prices, as a result only a small percentage of the world is seeing increased income to afford to buy goods. Then there must not be a world wide oversupply of goods. Most 3rd world countries are still trying to export out of recession. Most 3rd world countries have always been in recession, so why are efforts to export any different than always? China is in a deflation, China is inflating. other countries affected by the Asian crisis allowed their currencies to collapse to avoid deflation. This is exaggeration. Collapse? If the market rapidly changes your currency against some other, then does that mean collapse? Then I guess the dollar has collapsed against the yen, and therefore the US is in deflation? I guess you would have advised those Asian countries to throw away money defending their currency against the market. While the U.S. has plenty of $$, the rest of the $ debt world is crying for more. This is incoherent and has the taint of Harry Browne incompetence . The problem is now spreading into South and Central America. Which problem is that? The one you are imagining and the one nations should shoot themselves in the foot trying to address? CBs have temporarily halted the deflation wave by providing easy money for the U.S. consumer to go on a debt piling consumption binge The only CB which has been pumping is the FED and recently the BOJ has done the same. The FED has been doing it to support a waning prosperity whatever rosy scenarios amateurs like McDonough would like to believe. The FED is not trying to resist a deflation although much of the money they create flows through our borders and has the effect of propping foreign economies. The BOJ, in contrast, has pumped to resist deflation because they have a supply oriented economy in contrast to our demand oriented economy. When we inflate, it induces deflation in Japan. They have to inflate in order to keep up with us. Same with Europe. Where does Europe stand in this? They need to be pump too in order to avoid a fall in industrial output but which is not a deflationary occurrence. You are confused about assuming that a fall in final demand is equivalent to a deflation. This is a common error since it is very difficult for anyone studying economics in the US to conceive of anything but a demand oriented regime. The prejudice of demand orientation warps all judgements including theoretical ones. You have to separate money creation from interest rates and industrial production from final demand. Sometimes these variables are inversely related sometimes directly, sometimes entirely unrelated. It depends on every individual country. and OPEC countries managing to rein in oil production and raise prices. I don't believe these trends can stay intact or are enough Rising oil price is deflationary and it is the only factor that is enabling the FED from raising fed funds immediately. They are on hold as long as oil price rises at its current rate. The FED could care less how much M2 is being generated.

Share	Recommend \| Keep \| Reply \| Mark as Last Read \| Read Replies (2)

To: long-gone who wrote (40672)	9/23/1999 2:32:00 PM
From: IngotWeTrust	of 100862

Sorry about the fat-fingered Geography. Yes, of course, Cripple Creek is close to the Spgs. My former spouse and I took a Cripple Creek 'ride' down the miners skip/cage from the headframe down into the heart of that mine back in '68 before it reopened for commercial biz after the goldprice spike in the late 70s. That was one dark hole. They turned the lights out for us just to show us how inky black it is in those tunnels. We literally could not see our hands in front of our faces. That was the first time I'd ever seen a gold vein up close and personal, snaking up through the sidewall of the adit up to and disappearing into the ceiling. There used to also be a kind of tourist park with a little narrow gauge train tour back in the late 60s while the mine was still 'closed' to commercial operations that is. I was thinking Cooper's Gulch in SW Colorado. Thanks for the correction. RE: finding if they are interested in selling part of their biz, sure, I'm interested. Especially in their guest register generated mailing lists<VVBG> O/49r

Share	Recommend \| Keep \| Reply \| Mark as Last Read

To: Richard L. Williams who wrote (40679)	9/23/1999 2:45:00 PM
From: IngotWeTrust	of 100862

Yes, the air is thin there, I'm much less stressed by the skimpy oxygen molecules a few thousand feet lower. My acreage also allows me more days of the year to work than anything at the 9K' level. I don't remember for sure if Cripple Creek is primarily silver or not. It was over 30 years ago, so I could be mistaken about that as well. Maybe Richard could confirm that silver/vs/gold statement. Considering that the price of silver was in the crapper at that time as well as the price of gold when I visited the CC mine itself, I wouldn't be surprised if it was shut down for the same reason...low silver prices. RE: taking goldpans into Cripple Creek mine, I agree. It wouldn't be too useful in the mine itself.<g> BUT, I wouldn't dream of going through Colorado again without my goldpan. O/49r oregontrail.net

Share	Recommend \| Keep \| Reply \| Mark as Last Read \| Read Replies (1)

To: long-gone who wrote (40696)	9/23/1999 3:26:00 PM
From: IngotWeTrust	of 100862

I'm set up for PM's again, Richard. Just click on my name and you'll get to me via AOL's forwarding mechanism. That email address is direct to the little publishing company, ORIGPPRESS that bought out my inventory and took over the distribution of my Recover Gold for $20 per Oz book, Thrift Store Prospecting,( which I sold them in April) plus all its ancillary products. Thanks for the URLs...and the competitor's scale rates! I see Roy and Pat chose their price points well. Thanks for that confirmation. I get tickled as folks always ask what the value on today's market is of the gold they find, when I'm teaching them the panning skillset. As always it is a product of supply demand: in the , RAW, FREE MILLING GOLD market, which is roughly $4 a grain (and there are 480 grains in an ounce.) Am I saying that gold is selling in the real world for more than $260 per troy ounce? The answer is a SCREAMING YES. A simple math calculation of $4 x 480 grains is within spitting distance of $2,000 per oz. That is why what ole thick-headed Reece's dumb post made me laugh. All he could scream was scam, when in the real world of non-traceable, raw gold, buying the output of an entire 3 hour gold trommel run's yield for $2400 was a dad-blamed steal. (that would be $4 x 480 x 2) or nearly $3,900 in gold value for non-traceable, RAW Free Milling Gold. And if there are ANY nuggets of size over 1/4 oz, the value of the total output goes up proportionately.* When a gold 'specimen,' gets snagged in those sluicebox riffles, i.e., gold in its original arsenide or quartz host matrix for example, with alot of sparkling gold crystals still undisturbed, it brings even more in the open market place of untraceable gold and gold collectors. Remember back before ANOTHER was killed and he was writing on the Kitco forum about gold's real value in oil exchange credits was closer to $5,000 per troy oz than the then $320ish price on the Comex? Well, that was hard for me to swallow too, ... ...that is until I got immersed in the raw, untraceable gold market, where all the middle men are cut out and a person is dealing directly with a miner of their choosing. Even then, the $2,000 raw, free milling gold price tag per ounce is at a discount to the oil exchange credits price of ANOTHER'S $5,000. Folks who are bureaucrats in DC and shoe shiners in Poughkeepsie just don't get it. I say, let the miners get what is their fair share, and believe me, $2,000 per oz for raw untraceable gold is certainly a fair price in a world of $5,000 per troy oz gold. And let free enterprise do what it does best: ration supply!!! Now if GATA would get me the difference between the $2,000ish I know individual miners are getting and the $5,000 the boys at Ft Knox are getting in exchange for Saudi oil, then you might have a convert candidate here, Richard. But until then, I'll settle for my niche in the $2,000ish per troy oz market, and be grateful for the nuggets and specimens that flop into my clean-up sluicebox. Frankly, I offer this anecdotal evidence to those doubters out there in GPM land who believe everything the CB's and GreenSpandex feeds them about the 'true value' of gold. Those believers and those who hang on every chart flicker have been OUT OF THE SUN too long! In the REAL WORLD: The Price of Gold is already a 3 tiered system: 1) Comex's ridiculous official price of $260 per T/O 2) ANOTHER'S oil exchange credits of $5,000 per T/O 3) Raw, untraceable free milling POG --NON-SPECIMEN --of $2,000 T/O *YEEEEEEEEEEEEEEEEEHAW for FREE ENTERPRISE!!!* O/49r (a cool place to go for free milling gold that I trust and have used in times past: oregontrail.net )

Share	Recommend \| Keep \| Reply \| Mark as Last Read \| Read Replies (2)

Previous 10 | Next 10

Copyright/IP Policy

Copyright © 1995-2013 Knight Sac Media. All rights reserved.