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Gold/Mining/Energy : Gold Price Monitor

GDXJ 114.30

-0.5%

Dec 12 4:00 PM EST

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To: long-gone who wrote (26722)	1/22/1999 9:58:00 AM
From: donald martin	Read Replies (2) of 116814

<<And what of the damage to us? What of the damage to the industries of mining and refining? What of the damage to families of the gold miners who have lost jobs? Or of the damage to the bourgeoning now free country of South Africa? Or damage to the mere essence of a free economy in Russia? Or damage to the basic of "buy and hold(average down into) good companies" idea of investment planning? Just how much of the idea a free economy must be destroyed "for the greater good" to satisfy these warped and misplaced sensibilities (oh, yes, and allow for even more and greater rewards for the scum that led us here)? How much more of this "good" can we and the free market stand? >> I hate to harp on this again, but we need to come back to what a free economy with a free market is. If FREE people decide they don't really need gold, who then should be paying these people to pull the stuff out of the ground? There have ALWAYS been times when certain industries have fallen out of favor. And people have been hurt as a result. It seems to me that your definition of a free market is one where the participants are only free to agree with you. You know, maybe being long gold is wrong. (For what it's worth, if you're interested in where I'm coming from, I'm long gold stocks and not much of anything else.) The thing is, we have to accept that as players in a FREE market, we MIGHT be wrong. And no one owes me or you or Russia or South Africa or the children of miners a damned thing just because our lives are linked to gold.

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