Strictly: Drilling II Message Board

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Strategies & Market Trends : Strictly: Drilling II

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To: Square_Dealings who wrote (28263)	2/17/2003 12:52:10 PM
From: big guy	Read Replies (1) of 36161

"Gold is every bit a paper asset as stocks are." Do a overlay of the dollar index with gold and golds value and unique nature becomes very apparent. For the first time in a long time the worlds reserve currency is being called into question and for very good reason. At some point before any kind of sustainable recover can take place in this country a huge amount of debt will need to be purged from the system. In my opinion this purging will bring with it quite a bit of inflation. When this happens where will you store your assets? I agree with you Michael that on a short term bases this is a tuff market to call. But I believe looking at the big picture and taking a longer term view it is the closes thing to a no brainer that is out there. That being said a break below $325 and I'd have to reconsider my thinking.

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