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Strategies & Market Trends : Classic TA Workplace

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To: patron_anejo_por_favor who wrote (60289)	11/23/2002 1:07:34 AM
From: Perspective	Read Replies (4) of 209892

You read Bernanke, didn't you? His speech made a 100% convert out of me. There should be no doubt in anyone's mind any longer of the necessity of gold in a prudent portfolio. The government is going to try to devalue your dollar here, and hard assets are the only assurance that your purchasing power will be retained. They may succeed in a continuing jam on asset valuations, they may not. I am betting on the latter. Either way, the dollar gets it between the eyes, and gold goes up. Combine a dollar devaluation with typical herd psychology of investors, and gold will probably approach its old highs. Before, I wasn't sure what would kick the gold bull market into gear. Didn't see the catalyst. Now it's quite clear. I got gold religion, 11/21/02. Thank you Ben S. Bernanke for making it clear to me. federalreserve.gov BC

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