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Politics : Dutch Central Bank Sale Announcement Imminent? -- Ignore unavailable to you. Want to Upgrade?

To: long-gone who wrote (6579)	6/19/1999 2:54:00 PM
From: Hawkmoon	Read Replies (3) \| Respond to of 82010

Richard, There is a difference between taking advantage of a situation and believing that the fundamentals warrant it. Yes, if gold rallied strongly while every other sector, stocks and bonds alike, plummeted, I would be STUPID not to invest in gold. But that would not signify that I felt the market was responding efficiently or based upon some fundamental belief that gold is a viable backing for a monetary system. And in fact, in that circumstance, I would probably invest in another commodity like oil which has a use, is perishable, and probably likely to grow more rare than gold. Of I would invest in a bear fund in order to profit from the panic until the point where people regain their sanity, and realize that the world isn't coming to an end. As Hutch said before, there are PLENTY of other market plays that would provide a far higher return. BEARX was up some 50% last fall, valley to peak, when the market looked like it was ready to plummet. Now recognizing he likes gold, so be it. What is more important is that he has remained short on the market and in a downturn, those short positions become very profitable. Gold certainly didn't provide that kind of return over the same period, did it?? Regards, Ron