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johnnymk · 01-06-2004, 07:49 AM

It seems that everytime I look at the price of gold, it's generally moving upward.

Approximately 4 years ago, it was hovering between $260-$280 per ounce. It is up nearly 60% from that period.

Tell me inflation is dead and I've got a bridge in New York I'd like to sell you.

We are a global economy. The foreigners finance over 60% of our debt. I know that the Fed is trying to keep interest rates low to keep propping up the Economy, but external factors are REALLY going to force their hand in the next 6 months.

01-06-2004, 07:49 AM	#1
johnnymk Chief of Naval Operations Join Date: May 2000 Location: LEVITTOWN< PA> USA Posts: 13,621	Gold at $420 per Ounce It seems that everytime I look at the price of gold, it's generally moving upward. Approximately 4 years ago, it was hovering between $260-$280 per ounce. It is up nearly 60% from that period. Tell me inflation is dead and I've got a bridge in New York I'd like to sell you. We are a global economy. The foreigners finance over 60% of our debt. I know that the Fed is trying to keep interest rates low to keep propping up the Economy, but external factors are REALLY going to force their hand in the next 6 months. __________________ “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)