Waiting for the big Kahuna Message Board

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Strategies & Market Trends : Waiting for the big Kahuna

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To: scotty who wrote (11067)	12/7/1997 3:11:00 PM
From: Stingray	Read Replies (2) of 94695

I'm not sure who would be wanting to buy gold in a deflationary environment. The best hope for gold is booming economies which would drive up demand for jewelry etc. Treasurys look very good but the difference in yield between 5 year and 30 year notes doesn't make it worth locking in for 30 years unless you are pretty convinced that rates will stay at 6% or lower for a very long time (i.e. more than 5 years) or as a short term play on falling interest rates. I'm building up a financial fortress by putting 5K into a 2 or 5 year treasury note every few months through the Treasury direct program. The rest of my money I can invest more aggressively. I don't know for sure if the Asia crisis will develop into a prolonged global recession, I hope it doesn't but it is better to be prepared than to be sorry later.

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