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Gold/Mining/Energy : Gold Price Monitor

GDXJ 128.07

+0.7%

Jan 16 4:00 PM EST

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To: pater tenebrarum who wrote (56457)	7/19/2000 1:10:16 PM
From: Phil Jones	Read Replies (2) of 116876

I agree with your "GOLD R.I.P.", heinz. Gold had its day. It helped the world through many crises while an accepted world monetary unit (U.S. dollar) was being established. But its day is over. Perhaps one day, if the world moves backwards toward monetary anarchy, gold will be called on again. But I can't see it happening in our lifetimes. So it'll just move on supply-and-demand - like other precious metals, bobbing its head above US$300 every so often - but mostly remaining below. And right now there's obviously a huge oversupply. Gold, you've been a wonderful helper in the quest for stability. You've carried a heavy load. But now it's time to lay down that load and take a well-earned rest. Rest In Peace.

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