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Gold/Mining/Energy : Gold Price Monitor -- Ignore unavailable to you. Want to Upgrade?

To: Investor-ex! who wrote (34943)	6/7/1999 1:29:00 PM
From: Zardoz	Read Replies (2) \| Respond to of 116763

"And how many consider gold to be the ultimate storehouse of wealth? Most of Asia & India? Perhaps 60-70 out of the 100?" Irreleveant if they can't afford to buy, securely store, and profit from this ultimate storehouse of wealth. I'm sure many need to eat? Rather than the 1 European selling gold for 18 years, how about 10 Europeans & Americans SHORTING gold for 3-4 years? Gold has been going down for a lot longer then 3-4 years. You're just valueing your ultimate storehouse of wealth in one currency. So you are decreeing the USD has a store of value relative to, or equal with GOLD. In 1991 gold was worth 180 pounds per once, then shot up to over 260 between 92-96, now it's just finally getting back to 170 pounds/Oz. that a 44% rise, during the same time USA priced gold rose 23%... But since 1996 gold has fallen 32.5% in USD terms and 34.6% in British terms.. A first hand conclusion is: Gold has lost it's volatility &/or it's hedging premium.