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Pastimes : Clown-Free Zone... sorry, no clowns allowed
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To: Activatecard who wrote (21204)9/24/2000 5:50:31 PM
From: maceng2  Read Replies (1) of 436258
 
Interesting link.

Thanks,

I am no expert in gold investment. Also I'm not interested in the +/- 10% situations. My interest is how can I plan to deal with situations that have gone out of control.

Looking at this news...

cbs.marketwatch.com

I would say the relationship is true. If Gold is being "pushed" down then I would expect it to pushed to be down to just the level where it remains an unattractive investment to the "normal" investor. i.e one who expects a competitive return.

There are many industrial uses of Gold. I am familiar with some of them. It's an excellent material today, as it always has been. If the price of gold stays too "low" then the number of economic uses of that versatile material will increase...eventualy pushing up prices by increased demand.
Once gold gets "spec'ed in" to a process, it will usually take some time (and a reason) for it to be "spec'ed out". The manipulators (if they exist -g-) would have to be careful there.

So, as an investment and a hedge against something going wrong with the worlds stronger currencies I see it as an excellent choice.

Something will go wrong with the balancing act sooner or later. At that time it would be handy to have some gold related stocks or physical gold to sell.

pearly.
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