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Strategies & Market Trends : Currencies and the Global Capital Markets

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To: Hawkmoon who wrote (2689)12/25/2000 8:45:01 PM
From: TobagoJack  Read Replies (1) of 3536
 
On gold (just another asset class, no more useful than overbuilt Texas apartments), it may not be important what the learned thinks, but only what the learned will think the unwashed masses around the world will believe as these latter folks scurry around aimlessly in un-choreographed panic. The fear of losing everything will make folks do strange things.

I still like Anglo American Plat and Impala Plat (available as AAPTY, and IMPAY in US), more useful than gold, with no monetary authority overhang, shiny to the eye, cold to the touch, and pays a dividend. Gold, while not as valuable, is often more liquid.

Hedge and speculate is not quite the same as cower and hoard.
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