To: Toddsterpatriot
Gold rises and falls with inflation. It occasionally gets wrapped up in speculative frenzies, but only when increasing numbers of people become fearful about the economy. Other than that, gold's value pretty much tracks inflation. Gold has been rising for the last five years because it has been tracking the depreciating dollar. I have shown you chart after chart that demonstrates this to be the case. Of course, by the time this is all over, gold will once again be sucked into a speculative frenzy based on fear. But it won't last long, and gold will once again establish its long term linkage to inflation...as Greenspan well knows. And speaking of Greenspan...
"Gold still represents the ultimate form of payment in the world. Fiat money in extremis is accepted by nobody. Gold is always accepted."
- Alan Greenspan - May 20, 1999
To: GodGunsGuts
Gold rises and falls with inflation. So does that mean it's not consistent?
Other than that, gold's value pretty much tracks inflation.
The stock market pretty much beats inflation by 7% a year.
132 posted on
12/08/2006 6:39:05 PM PST by
Toddsterpatriot
(If you agree with EPI, you're not a conservative!)
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