Gold Price Monitor Message Board

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Gold/Mining/Energy : Gold Price Monitor

GDXJ 121.93

+0.8%

Jan 9 4:00 PM EST

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To: jimthebody who wrote (83011)	3/7/2002 9:04:42 PM
From: Square_Dealings	Read Replies (1) of 116845

Gold is a place to park your money if you don't have confidence in the Wall Street casino. It may be "dead" money for a while, but sometimes dead is better than gone. I do think there is the potential for the price to move significantly higher but probably over years, not days. Gold and silver are highly leveraged against debt. I think that the debts will have to be paid in this time of high credit risk and rising interest rates and that gold and silver prices will go up as the loans are called in. I trade bullion since I dont like stocks. I think gold has the potential go to 2500/oz over the next 20 years. At current prices I think silver has more potential than gold. M.

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