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johnnymk · 12-09-2003, 08:08 AM

Gold is over $400 an ounce. Some analysts say that the value of gold has a life of it's own and is independent of what's going on in the American economy.
I don't buy into that argument. We are a world economy, and the price of gold is a real good indicator of actual inflation. Inflation is not dead as the government is trying to tell you.
The price of food is up, the price of energy is up, building materials are up, real estate is up. And local taxes are way up. The only thing that has not risen are computers. Big deal!!
Gold is up from around $280 several years ago to $400. That's a rise of 40%.
I can't wait till after the election to find out what the Fed will do with interest rates.

12-09-2003, 08:08 AM	#4
johnnymk Chief of Naval Operations Join Date: May 2000 Location: LEVITTOWN< PA> USA Posts: 13,621	Gold is over $400 an ounce. Some analysts say that the value of gold has a life of it's own and is independent of what's going on in the American economy. I don't buy into that argument. We are a world economy, and the price of gold is a real good indicator of actual inflation. Inflation is not dead as the government is trying to tell you. The price of food is up, the price of energy is up, building materials are up, real estate is up. And local taxes are way up. The only thing that has not risen are computers. Big deal!! Gold is up from around $280 several years ago to $400. That's a rise of 40%. I can't wait till after the election to find out what the Fed will do with interest rates. __________________ “Socialism is a philosophy of failure, the creed of ignorance, and the gospel of envy, its inherent virtue is the equal sharing of misery.” (Winston Churchill)