Todd,
Personally I feel that what David Eddy posted last week will occur. And, I'm in the same camp as Wayne Rash's friend, when it comes to gold or silver. My guess is that the price of gold and silver will be going up around, if not before, June.
Cheryl
-----------------------------------------------------------------------------
David Eddy 11/24/97 SI POST
Nasty computer problems will most likely have reared their ugly heads long before 1/1/00. I see the first shoe dropping in April '98 when a slew of '97 10Ks come out. Chase Bank's '96 $200 million Y2K problem will jump considerably, etc. Instead of there being 52 firms reporting on Y2K, there will be thousands.
Wayne Rash Article
I don't know about you," my friend said, laughing nervously, "but I'm putting everything into gold." My friend, a senior executive for one of the world's largest software companies, wasn't worried about the recent stock market crash and rebound cycle. To him, that was small potatoes.
"By next May," he said, "people will really start seeing the effects, and the price of gold will go up." In fact, it wasn't so much the stock market as the world economy that had my friend worried. Instead, he was concerned that the end of the millennium would cause irreparable harm to the world economy-so great that only a position in gold would offset it.
November 10, 1997, Issue: 689
Wayne Rash is senior technology editor for InternetWeek. |
