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Politics : Dutch Central Bank Sale Announcement Imminent?
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To: Robert Dirks who wrote (2587)12/13/1998 12:56:00 AM
From: Zardoz  Read Replies (2) of 81222
 
"Apparently a lot of investors are comfortable with record high S&P PE ratio of 31. Im not. A lot of investors are comfortable paying 500 X earnings for internet stocks. Im not. "

What does S&P 500 numbers have to due with GOLD? Preservation of capital... money market accounts. Why pay to much for stocks when you can pay to much for gold? Good reasoning. What's your number for GOLD, $1200. Mines based on production, supply, demand. OH... so GOLDS demand is up XXX amount over last year. So what, is it a consistant demand of speculative demand. Whose buying the gold? Are CB selling in the spot and buying the coins? Whose buying, and why? Is there REALLY a net demand? Or is it this a demand for Eagles.

This comments says oh so much: "Gold has been around for 5000 years + and has been always sought after by humanity."

Think on how desperate that comments sounds. And now Pentium II chips are nearly ounce per ounce as expensive. Gold is a pretty element, and far to many are in AWW of what they preceive the metal is. It is for all intents and purpose a mitigator of value. And only in extreme conditions does the mitigation increase in value {as in a stock options increases in price when volatility picks up}. Up to this point I've been far to nice on those that Value gold, for no reasons, at valueation that make internet stocks seem worthless. If OIL {a non reuseable substance} is truely decreasing in value and the CRB index isn't telling you something, than you are truley niave enough to believe in a $800/ounce gold again. But I bet you'd still not sell.

The true manipulation is HOW Gold can be supported at such an overvalued price.
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