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Non-Tech : Invest / LTD

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To: Lucretius who wrote (2421)9/2/1998 1:53:00 PM
From: Merritt  Read Replies (1) of 14427
 
LT:

While the gold stocks did superbly after the bear market of '72-'74, there were different forces at work in the market then, than at present...so far, anyway. (I'm not looking into the future to try to guess what will happen with the Euro, oil prices, Japanese money repatriations, etc.) After the crash of '29 (which, to me, had more similarities with today's market than the '72 bear) gold was a poor investment vehicle (of course that was probably because of gov't intervention). I'm curious as to why you feel gold will be such a good investment in today's environment.

TIA, Merritt
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