To: grania
Funny how those charts don't support his thesis in any way, huh? But few will read this tendentious article, fewer still understand what was said, fewer yet will conclude that his argument is undermined by his own charts. LoL. But that won't stop the gold buggers from spouting reams of crap supporting the author.
To: justshutupandtakeit
The correlation I see is between one year treasury notes and "real" after inflation interest rates. And the correlation is...the higher those interest rates are, the more people actually earn on their savings, after inflation. Well, yeah....(pretty chart, though)
Although, as with anything, the value of something is really what people are willing to pay for it if you want to sell it. So, if those who support gold investment can spread the word, and people jump on a gold bandwagon, it gains value. For people who get to sell gold for a profit.
12 posted on
06/28/2002 10:36:22 AM PDT by
grania
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