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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum
GLD 383.12+0.8%Nov 26 4:00 PM EST

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To: Maurice Winn who wrote (3576)1/19/2006 12:30:26 AM
From: TobagoJack  Read Replies (1) of 218050
 
hi maurice, i think you read wrong and believe wrong.

of course a lot of gold mining companies went belly up. else we would not be terming the entire episode "depression".

if you take in what the guy is saying, and i actually have no dispute with what he is saying, and check into the historical facts, you would see the truth: hoard physical gold, speculate in only the most well managed and liquid mines, and watch what depression can do, whether of the deflationary or stagflationary variety. the liquid / largest gold mines did fabulous during that time.

so, think of a hoard of gold as a private gold mine of 999 purity with zero extraction cost, and 0 pollution.

chugs, j
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