Booms, Busts, and Recoveries Message Board

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Strategies & Market Trends : Booms, Busts, and Recoveries

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To: Maurice Winn who wrote (14304)	2/1/2002 4:53:04 PM
From: LLCF	Read Replies (1) of 74559

<That doesn't mean that gold was a great investment. It just means that gold was much better than cash. Better still than gold is a productive asset which does something useful, such as a CDMA patent.> Yes, assuming you get it at a decent price. <No, just recognition that if there are 100 kg of gold and 100 kg of Uncle Al's currency and Uncle Al prints another 100 kg [which costs him almost nothing except signing a piece of paper], then the gold is going to be worth twice as many kg of Uncle Al's currency.> From your mouth to gods ears.... I'll be buying up some prime islands in our 50th state if that happens. NG <<It's time to abandon interest-bearing deposits and buy some productive asset [or service] or sit on gold if one lacks imagination and creativity and believes that particular "greater fool" idea will hold for the duration.>> Yes, although it may not be merely lack of creativity... buying Gold assets may actually BE the creative idea until the sector reflates, THEN some productive assets may make sense AND will most likely be quite a bit cheaper anyway. BTW, cash has outperformed stocks for a couple years now.. I hear you calling the bottom??? Got a number on the index's?? DAK

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