Hi Maurice, <<I slept on gold ... I simply can't make it make sense ... for speculative returns ... I'll sleep on it a few more times ... try to tempt me.>>
Here is my first ever SI post ...
Message 8554586
March 26th, 1999
"I had purchased this share on Japan market in November at Yen 6200"
... and, 3:1 split adjusted, Softbank is now at more or less this level, having given back all the earned and unearned gains, deserved or not.
Here is my first ever post on this thread ...
Message 14680519
October 28th, 2000
"Precious metal as a store of value is an alternative to the currencies and real estate. The difference is that the metals can be hoarded. Whereas hoarding seems a quaint idea in the developed economies, it is a serious diversification move in the less developed economies, especially as the USD is not immune to crashes whether triggered by relative moves amongst the currencies or by absolute level of US economic policies.
Participating first hand in the Asian Financial Crisis, I note that plenty of gold was released into the market in the crisis countries, and the money thus generated played a part in stabilizing the individual sellers immediate economic crunch. These individuals could of course have held the dollar, yen or euro, and they would have been able to achieve immediate stability as well, but only if they held bags of the paper at home, as their creditors seized their bank deposits.
Bottom line, insurance is called for, but great if not called upon."
Chugs, Jay |
