All this with virtually zero inflation in the advanced industrial countries. Evaluation will be made on Leap Year Day, February 29, 2000. Today market shares dropped steeply, oil prices shot up and gold inched upwards.
Investors are scared.
Only a few months ago oil price rises would have aroused fears of inflation. But for several weeks now rising oil prices elicited yawns. But then the Bank of England decided to phase out its gold holdings. So prices started plummeting. Getting rid of gold is a sign of peace breaking out.