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Pastimes : Home on the range where the buffalo roam

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To: Jim Willie CB who wrote (6108)	2/11/2002 8:43:46 AM
From: pinhi	Read Replies (1) of 13815

Hi Jimmy, In answer to your question, in a wood, no. I don't see the likelihood of sustained Hyper-inflation of the 1970's and that's what you'd have to have for hard assets to really do well. Remember, that was an extremely unusual period of time and those types of spikes are rare. I think a lot of people have this mind set that we must for some reason go back to those days. Kinda like Grandpa always said " the Depression is coming back for sure and soon". Heck there's over capacity almost everywhere and no corporate pricing power other than in maybe services. So from a fundamental view point I don't think a big run up could be sustained. From a TA standpoint may be a different matter. With that said, I think there could be events in the middle east coupled with more cataclismic terrorist events that could make gold run to say, $400 an once, but the run we had decades ago to $800 will not be repeated, IMHO. Remember, gold just sits there. It's strictly governed by supply and demand. Unlike a corporation, it has no cash flow or earnings. BWDIK, just look at my account over the last two years, Your Bro, Pinhi

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