OT: "Gold & Stock Market Update" - gold-eagle article

greenspun.com : LUSENET : TimeBomb 2000 (Y2000) : One Thread

"There are many similarities between the stock market mania of the late 1920s and that of the late 1990s, but the critical difference is the unit of measurement itself. At the time of the 1929 crash and subsequent depression, stocks were priced in terms of a rock solid currency. They are now priced in terms of something that can be created in unlimited amounts at the whim of bureaucrats and politicians."

The entire article at www.gold-eagle.com can be found at this


-- Jack (jsprat@eld.net), September 13, 1999

Moderation questions? read the FAQ