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Strategies & Market Trends : Value Investing

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To: Shane M who wrote (7747)7/14/1999 11:14:00 AM
From: geoffrey Wren  Read Replies (2) of 78481
 
Gold uses. Gold fillings. Used to see it on high rise building windows, as a way to make the window reflect the sunlight out. Makes Venetian glass red. The latter two are pretty minor uses, I am sure. There is such a massive hoard of gold, in national banks, in hoards (especially in India, where even now the gifts at weddings are largely gold items), and in collections (all those Krugerrands, etc.) that it is hard to argue for much of a floor to pricing. I think if I were to buy something as an inflation/catastrophe hedge, I would get platinum or silver or high quality diamonds (just don't pay retail!!). Platinum and silver are more heavily used in industry, and the overhang of supply is less.

Geoff Wren
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