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Pastimes : Clown-Free Zone... sorry, no clowns allowed

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To: Win-Lose-Draw who wrote (222175)	2/18/2003 1:53:56 PM
From: yard_man	Read Replies (1) of 436258

>>seem to think the world really is coming to an end.<< I guess that's the true bug ... I am not a true bug. I view the metal as simply a put on the confidence in economic policymakers -- esp Fed. Say what you want, but confidence still remains VERY, VERY high. Ask the man on the street if he thinks that the economy is about to turn around --after Iraq gets resolved and most of them believe the carp that is spewed from their TVs. A loss of confidence in these jokers by the majority will change a lot of things. There's nothing special about gold, except that it has been used as money for 1000s of years. As the price of consumables goes up, so will gold -- it's not that gold is anything -- it's more that paper promises are going to be less in vogue -- It is the flow of funds 'at the margin' -- even as it becomes evident that the Fed is powerless to stop the deepeing of the slump -- funds at the margin will flow to gold, unless some legal steps are taken to prevent it. Call it a barometer -- call it non-money -- call it anything you want <ng>

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