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Gold/Mining/Energy : Gold Price Monitor

GDXJ 94.04

+0.6%

Nov 21 4:00 PM EST

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To: goldsnow who wrote (51497)	4/14/2000 10:59:00 PM
From: Hawkmoon	Read Replies (1) of 116764

Well, Let's see...With taxes and inflation eating-up the value of the dollar sitting duck in CD's and bonds...perhap What???!!! How do taxes impact any quantity of money I might have sitting in my bank account? The only thing impacted by taxes is the income I derive from interest collected on my savings. And I suppose if I was possessed a huge quantity of gold, I would collect NOTHING (unless I had enough to lease to others at 4-5% for their speculative purposes). But were it to appreciate in value, I would still have to pay capital gains tax on any increased value derived upon sale. And besides, there are inflation indexed bonds that will provide a FAR BETTER return than gold. And money will go there rather than a relatively illiquid metals market. Call me naieve if you wish, but the creation of inflation indexed bonds spelled the death knell of gold as the inflation hedge it once was. I still submit that gold is only valuable in times great uncertainty such as catastrophes and conflict. And what we saw this week equates to neither. Regards, Ron

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