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Pastimes : Clown-Free Zone... sorry, no clowns allowed

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To: Lucretius who wrote (139178)12/18/2001 11:54:12 AM
From: marginmike  Read Replies (3) of 436258
 
man I am so bullish on Gold I am scaring myself. As long as these numbsculls keep telling us gold is a currency Myth I feel comfy. My broker bought all his clients a litlle gold, they all told him he was a Moron and didnt understand Gold was useless. These are not J2P investors. These are accredited accounts with millions in assets whom refuse to even have a 3-5% exposure which IMHO is the absolute least you need especially if you have BOND exposure, which these guys do. I owned Qcom in 1997 and people hated the company, thought it was a piece of crap and were buying CPQ, DELL and CSCO as fast as the could. I would tell peoplke why buy Dell when Qcom had a 16PE 0.7Xsales and a 50% sustainable growth rate they all scoffed. The hatred for GOLD is 10X it was for Qcom, Qcom is up about 1000% since then(even with naz crash) I wonder how high gold will go?-g-
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