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Gold/Mining/Energy : Precious and Base Metal Investing
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To: Condor who wrote (6659)1/8/2003 9:34:06 AM
From: tyc:>  Read Replies (4) of 39344
 
To be contentious ! (not original ideas!)

Your ideas are most interesting, I find it a fascinating subject.

People say the American dollar is "unbacked", a mere fiat currency. But surely the strength of the US fiat is its industrial capacity, its GDP potential. You say that your equities are denominated in in paper currencies. Yes ! but measured in terms of that industrial capacity (proxy = S&P500), it is CASH that is overvalued and therefore most risky ! My "gold" is the S&P 500 !
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