Hi CB, I thought I would trigger a response from you on my adulation for dead money gold or immortal specie Au:0)
I will (try to) defend my seemingly absurd pretensions to a gold bug and platinum worm.
I will limit my discussion to the puzzling nature of gold, because the case for platinum is less subject to subjectivity.
Message 15774373
<<Which is why I refuse to buy it>>
You may be right not to buy physical gold. It is dense, troublesome to take possessions of, and pointless to store with others. Worse, it does not pay any current income.
You may want to consider the established mining shares, because they are ...
... the big Reset Button to any financial asset portfolio
... the manufacturer (he/she did it all in 7 days) provided default Restore-to-Prior-State utility program to an otherwise buggy and complicated financial infrastructure comprised of data storage drives, routers, switches, transducers, transmission conduits, power supplies, monitoring panels, and sometimes not too clever human intervention agents.
I am sure you have been independent and tenacious enough to install your own PCs and appreciate the hidden away Reset button and the obscure Restore utility program. They are useful only when you most need them.
If you accept the above view, and consider that the whole setup of mining companies may themselves fail, then some physical gold starts to make more sense, as a super duper triple redundancy double secret backup system drive of a design originating from a technology not yet understood by earthlings, gifted to us by the action of stars gone brilliant long time ago.
Many folks on SI had spoken of the long term. Well, for the truly long term, as we are about to step into a one-time-use disposable time machine set for an unknowable (design flaw) time in the future or past, should we be carrying seeds, shells, DMarks, Euros, US$, treasuries, American Express Card, or simply a Reset Button?
Yes, I scare myself sometimes, because even though I have always liked platinum, my interest in gold is relative new (2001).
<<I say it's tulips>>
Tulips? Yes, I say it as well, but physically more enduring, and psychologically more permanent, hard-wired on the motherboard, and doubly backed in the BIOS chip, not to mention prominently displayed in the users manual. The users manual pages have been lost for a few years, but will be rediscovered by the time the "Where to Put Your Money" issues of the popular magazines appear on the newsstands in 2001.
<<Too damn rational ...>>
At some time, I think gold will become quite rational for the crowds, just as tulips were for however a short period of time, and I will be a net seller of gold assets, moving the profit to stocks, bonds, cash, and whatever else that may be irrational at the time.
Chugs much, Jay
P.S. Your Taiwan-China-US post is not forgotten, and I will respond soonest.
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