Booms, Busts, and Recoveries Message Board

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Strategies & Market Trends : Booms, Busts, and Recoveries

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To: LLCF who wrote (14692)	2/9/2002 10:54:52 PM
From: Maurice Winn	Read Replies (1) of 74559

<Interesting to note that all this is occuring at a time when virtually the entire western world of investors has sold their investment holdings of gold over the years. Investment in the sector is virutally zero in the average portfolio.> With only $100 billion or so of it in the USA, and not a great quantity around the world, it's always going to be virtually zero in the average portfolio because the world's capital markets are multi trillions worth. Gold can never be more than a marginal metal for a few gold bugs to use as an escape hatch when they guess that something's going to go wrong. Gold can form another bubble, as 20 years ago, but as Snowshoe's buddy found out when buying at $800, any buyer might be the Greater Fool [in the Greater Fool theory of life in the expansionary universe of Bubbleonia where pea-sized universes are expected to be infinitely larger later]. Mq

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