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Strategies & Market Trends : Booms, Busts, and Recoveries
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To: Maurice Winn who wrote (44915)1/19/2004 3:38:26 PM
From: TobagoJack  Read Replies (1) of 74559
 
Hello Maurice, Bora Bora Log:
<<People paying $800 an ounce 20 years ago have not had a fun time. QCOM with a 60 P:E would still be a better deal than that>>

... Q should be out of business within 35 year, and gold, in business until the end of time.

<<People bought the gold watches when they felt wealthy. When they are feeling not so wealthy, they are NOT buying gold>>

... people stayed wealthy if they had the gold, and they blew up if not.

<<The cost of production is about half the current price>>.

... the cost of manufacturing a parachute is almost nil compared to how much the single parachute is worth on board a doomed 20 passenger aeroplane.

Chugs, Jay
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