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Gold/Mining/Energy : Gold Price Monitor

GDXJ 117.61

+3.0%

Dec 19 4:00 PM EST

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To: John Barendrecht who wrote (3388)	11/22/1997 7:46:00 AM
From: Bobby Yellin	Read Replies (3) of 116815

I do like your example about the minivan..wonder how many others can give examples similar.. also like your point about the Asians.. I thought that article by the Economist was one of most narrow minded pieces yet..(I could be showing my ignorance) So far in my book..there is no country that has yet to show superiority in managing their money..who knows what is being printed etc..so what if the Europeans group together and form a common currency ...with their high unemployment and high costs how will they be competitive anyways?... If the average American now started buying gold shares for their retirement funds...I think we would have a major reversal overnight.. I think as more and more citixens with their own safety nets getting ripped apart get fed up with all these bail outs and where some short sellers who don't see the emperor's clothes have walked away with billions and the people who have led the countries into financial chaos are still ruling..and the investment community who has made billions and who has helped create these for want of a better word "pyramids" and are also leading the show for the next "pyramid"..gee...a real sign of confidence... whether it is gold,silver,oil,zinc..they are limited...and can't be produced out of thin air.. That Economist article to me just means that whoever wrote it is accepting ad infinitum that the "buck stops nowhere..and it is just musical chairs all over again"...even though minivans are getting more and more expensive.. :>

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