Precious and Base Metal Investing Message Board

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Gold/Mining/Energy : Precious and Base Metal Investing

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To: Claude Cormier who wrote (6673)	1/8/2003 11:17:23 AM
From: tyc:>	Read Replies (1) of 39344

Thanks for taking the time to respond so thoroughly. I take it as an invitation to write a little more.... I do agree that everything is possible.... one must assess the probabilities and act accordingly, always taking care to avoid gambler's ruin.... the hazard of the remote possibilities. You are predicting a 30-50% drop in the market... but I'll bet you are NOT shorting the market, because you know it is improbable and it would be a bad bet. I said "my gold is the S&P 500". But that doesn't mean that I invest all my assets in the S&P 500, just as you don't invest all your assets in gold (do you ?). I believe in the safety of diversification..Condor's balanced portfolio of assets. However, I avoid cash ! With low interest rate yields I see its relative price as "bubble-high", (and the current price of gold reflects just that). It takes all kinds to make a market !

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