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Strategies & Market Trends : Booms, Busts, and Recoveries

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To: Maurice Winn who wrote (19480)6/5/2002 5:10:28 AM
From: TobagoJack  Read Replies (1) of 74559
 
Hi Maurice, welcome back again:0)

Thank you for that note. It was lovely.

I will refrain from canceling my subscription to QCOM annual report; I will remember to buy much more when QCOM reaches USD 12-15/shr, perhaps liquidate some of my Aztec stuff as financing.

<<The dark-side Au is being repriced upwards versus the stretchy world of Uncle Al's "In God We Trust" money as the ignorant, frightened hordes seek safety in the "In Gold We Trust" wishful thinking zone.>>

... and the wish is coming true.

<<It was tempting to hunt Aztecs, but with cdma2000 priced so cheaply, BIG GAME would be more fun>>

... you do not mean 'so cheaply', but meant 'cheaper', and know down to your GPRS core that the process has not ended yet.

<<Owning gold is being a bystander in life. Owning It is a lot more fun>>

... bystanding is the whole and entire point, opting out of the system for a bit by stepping into a time machine. The time machine, if made 3D, can even help out folks who received one of the precision-shipped-smart-atomic-containers you spoke of.

Fun is a relative concept, and fun of participation is often over-rated.

<<The only time gold has really had a run was in 1979 ... dramatic inflation ... financial reset ... rugged revaluations ... Uncle Al ... too robust for the US$ to suffer the Argentinian-style failure>>

I did not make my point clear enough and you are missing the same point.

The Aztec scenario does not require a cataclysmic Argentine meltdown in order to be worthwhile.

I only need to squish out a 8% per annum return to be way ahead of someone who keeps scoring a -6% return per year, while waiting for the NEXT abracadabra after gold, which could be genome, nanotech, polynome, and which will not likely be telecom.

DDGU, Chugs, Jay
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