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Gold/Mining/Energy : Gold Price Monitor
GDXJ 94.04+0.6%Nov 21 4:00 PM EST

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To: goldsnow who wrote (14104)7/6/1998 10:42:00 AM
From: John Lacelle  Read Replies (4) of 116764
 
Goldsnow,

I enjoyed your "doom and gloom" post.
However, there still is one aspect of
all of this hedge behaviour that is
bothering me.

What makes you (or anyone) believe
that gold is still a good hedge? Last
year, many countries actually sold off
a good portion of their gold. That seems
to me a sign that people no longer consider
gold to be the hard asset that it once
was. It seems to me that some types of
paper assets are becoming more hedge
worthy. High quality bonds would be one
kind of strong hedge in a world gone
crazy. What do you think?

-John
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