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Gold/Mining/Energy : Gold and Silver Mining Stocks
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To: que seria who wrote (1882)8/20/2001 8:33:52 AM
From: tyc:>  Read Replies (1) of 4051
 
So (you say) gold is not a commodity; rather it is MONEY and therein lies its investment appeal to you.

That is a moot point, but even if it true, it is not the only money. When you talk about the US$ collapse, what makes you think that this particular "money" will out-perform other "moneys". If the US$ falls in value against other currencies, gold will have to have a higher price in US$ terms just to maintain its value. That is all we have seen so far.

However, your final paragraph makes it clear that your thesis is essentially "anti- base metal" rather than pro-gold. Historically, base metal prices have been cyclical, even though the secular trend has been down. But many base metal stocks have outperformed Gold stocks and "intellectual capital" stocks recently despite the dismally low price of the metals. Indeed, recent experience suggests that the value of "Intellectual Capital" may itself be cyclical; whether its LT trend is up or down will remain to be seen !

Thanks for replying to my earlier comments.
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