UnderseaCaveman (November 30, 1999 at 12:00 am)

Be sure talk about the "Value of Gold" rather than the "Price of Gold".The POG (price of gold) is the ratio of the Value of unit of Gold to unit of American Paper Currency (or whatever other paper you value). Look at a 10 year chart of POG.....going up exponentially with some amount of fluctuation about the prime trend. Where does the value of paper come from???? We know how much work it takes to find, mine and refine Gold. Aloha

BurkeyAcademy (November 30, 1999 at 12:00 am)

OK, suppose it is FACT. "Gold supply growing" is irrelevant. The point is, the price of gold swings much more wildly than the value of the dollar. Gold goes up and down like all other commodities. Yes, the dollar goes down, steadily down, a small amount each year. But, we know that, and so it doesn't really matter. Gold tied to energy? Tied by what, in your opinion? Japan has an energy supply crisis. Did their gold disappear, too?

UnderseaCaveman (November 30, 1999 at 12:00 am)

Why ignore the FACT that the Gold Supply has been steadily growing alongside the economy.As technology improves so does gold extraction. In essence, the golden money supply does expand with growth....and when things go sour due loss of oil supply, then so does gold supply. Gold supply is directly tied to Energy Supply, which is the ultimate arbiter of growth.

MEELAHTARR (November 30, 1999 at 12:00 am)

I think that once gold reaches it's highest level in price then that price should stay locked in and gold should be in its own seperate catagory not affected by other commidities.Even if a large supply was found gold is still rare enough to be considered as real money and that newly found gold should have the same locked in price.A lot of work goes in to finding and pulling gold out the ground so the price should stay locked in.This would be true unshakeable stability

BurkeyAcademy (November 30, 1999 at 12:00 am)

Funny, funny guy. The guy who says: "Demand would be better supplied" tells the Duke Ph.D. he doesn't understand economics. When there is more of something, it will be worth less. When there is more gold, it will be worth less, so one ounce of gold will buy less bread, less water, etc. If there was gold lying all over the ground, it is worth more? Making more money makes it worth less! I really makes me sad that you believe that the end of the world is coming. Please enjoy life!

BurkeyAcademy (November 30, 1999 at 12:00 am)

But you ARE allowing government to control the money, when you let THEM issue the notes. THEY could create wheat, water, and beer notes. But, it doesn't matter, because THEY are still in control.

james francis (November 30, 1999 at 12:00 am)

Also you showed in the beginning there was a gold and silver note.. They could create copper, platinum, palladium, and any other type of note. You cant allow government to control the money. Guaranteed disasters.

james francis (November 30, 1999 at 12:00 am)

Also you dont understand economics.. If a large amount of gold was found that was as large as the current supply.. Demand would be better supplied and prices would drop significantly

james francis (November 30, 1999 at 12:00 am)

The gold price is a bit higher than it technically should cuz many people and governments are investing their worthless paper to trade for a physical object of intrinsic value.. In case of economic collapse. Either way its still worth far more than a pile of paper.

bomb32 (November 30, 1999 at 12:00 am)

great help, thanks!