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Strategies & Market Trends : Roger's 1998 Short Picks
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To: Yamakita who wrote (13494)9/5/1998 10:45:00 AM
From: Joey Two-Cents  Read Replies (2) of 18691
 
Yamakita,

If you look at the price of gold relative to the Australian $, Canadian $, Ringit, Won, Ruble, Real, etc. it has done very well. How long do you think the US $ will be the currency of choice, especially if AG starts lowering rates and the Euro is introduced 1/99?

I don't think $ 450 or $ 500 gold in the next 20 months is that far fetched, considering it has been that price several time in the last
20 years. People in times of economic and financial uncertanties have been known to buy gold in the past. It wonuldn't take much demand (or US $ depreciation) to push up the prices of gold up.

The higher the returns the higher the risk. No one should put all their eggs in one basket and neither have I.
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