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Gold/Mining/Energy : A to Z Junior Mining Research Site

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To: Jim Willie CB who wrote (5096)	7/14/2003 3:11:51 PM
From: pogbull	Read Replies (2) of 5423

Jim, did you see Roach's comments re gold?? This excerpt from Taylor quotes Roach. gold-eagle.com So unless Roach is fulfilling a face saving role for Morgan Stanley (assuming they see a dismal future as well) it is hard to see Roach as anything other than independent. Most certainly the words penned by Stephen Roach do not make Wall Street happy. In the July 7th issue of Forbes, he talked about his concerns of deflation and he also suggested investors should consider buying gold stocks or gold mutual funds. We discuss the views of Stephen Roach almost every week so we won't go into them more now except to publish the following quote from the Forbes article. "Roach is 'worried and appalled' that investors have played chancy junk-bond and emerging-market debt-and are dipping into the same technology trends that got them into trouble in the first place. "Instead, he says, he would think seriously about putting a 'nontrivial portion' of his portfolio into precious metals like gold. Gold? Isn't that a classic hedge against inflation? Roach says it's a safety asset that will attract investors during any time of economic extremes-either inflation or deflation."

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