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Gold/Mining/Energy : Gold Price Monitor

GDXJ 106.75

-0.5%

4:00 PM EST

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To: John Hunt who wrote (29034)	2/26/1999 6:37:00 AM
From: John Hunt	Read Replies (1) of 116791

The Next Great Gold Boom How to Prosper in the Coming Precious Metals Bull Market << We all know the spin. Gold is "dead". Many "experts" say it has lost its importance in the monetary world and has just become another commodity. According to them gold is no longer a hedge against inflation or economic instability. I even heard one analyst make the comment that "gold may be an investment whose time has passed". This comment just shows the ignorance in the mainstream investment community's attitude towards gold. First of all gold is not just "an investment". It is a currency. Actually, it is THE WORLD currency. Gold is money. That paper stuff you carry around in your wallet isn't money, it's only worth something as long as society thinks it's worth something. And if the government wanted to they could inflate it away tomorrow (it can happen, just ask anyone who lives in Brazil, Russia or East Asia). -- cont'd -- >> gold-eagle.com

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