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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: John Lacelle who wrote (14145)	7/6/1998 11:12:00 AM
From: tekgk	Read Replies (2) of 116764

I am not sure about how good a hedge gold is these days, but I am sure that it is insurance for a large scale disaster. What will happen to US debt paper if some lunatic sets off one of the Russian suitcase sized bombs in DC or NY? How about a once a century sized earthquake in San Francisco or LA? What is the probability or something like this? I don't know, but, I feel that it's like house insurance - pray you never need it. Maintaining some sort of coverage is probably wise.

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