Precious and Base Metal Investing Message Board

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Gold/Mining/Energy : Precious and Base Metal Investing

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To: ralfph who wrote (1145)	1/12/2002 8:51:19 PM
From: Step1	Read Replies (1) of 39344

Ralfph, not to criticize your idea, but for the Argentines, buying gold is already 40% too late ... unless they can still withdraw their usd in usd ... The time to buy gold was before the devaluation... I live overseas and exchange rates are a constant thought in my mind. I diversify some assets in different paper but also have some physical , just in case. It allows you to take some risks when they need to be taken knowing you have a solid foundation to back you up. In case of devaluation ( and there is a rumored one about Japan where i live) the moment the currency is devalued buying gold is suddenly a lot more expensive, so you have to be prepared before hand. Just my personal opinion. Stephan

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