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Gold/Mining/Energy : Gold Price Monitor

GDXJ 93.98

+0.6%

Nov 21 4:00 PM EST

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To: Hawkmoon who wrote (51552)	4/16/2000 5:00:00 PM
From: LLCF	Read Replies (1) of 116764

<But buying gold, betting that it will appreciate in this relatively benign inflationary period, is tantamount to gambling. This is made even more of a gamble by the existence of "better games" in the form of inflation indexed bonds that increase their yield in line with the current inflation level. Only if we saw hyper-inflation in the US economy would gold be considered a must have in one's portfolio.> This is all hogwash... last time we had anything close to 'hyper inflation' gold topped out. You BUY low SELL high! Are you long .com's now... if anything's gambling it's the daytraders playing the .coms. <Buying Gold is an investment in some future catastrophe or global uncertainty where nation's economies, or the current finacial system is disrupted grievously.> More hogwash, [at least 2 out of 3] when gold hit the $800 number you love to quote there was none of this but 'uncertainty' about inflation. DAK

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