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Gold/Mining/Energy : Mongolia Gold Resources -- Ignore unavailable to you. Want to Upgrade?

To: Dave R. Webb who wrote (3711)	7/5/1999 7:55:00 PM
From: d:oug	Respond to of 4066

Dave, sounds like circa 1929 "Yes, we have no bananas." and as with the apples, currently on sale 1/2 off, but hurry because next week the sale will be off and prices will increase, and yes then we will have a supply. Subject: Gold Price Monitor From: Claude Cormier I am thinking of a digital currency use for e-commerce. Something that will work where eCash and others have failed. e-gold It has been there for a few years and growing at 20% per month. e-gold.com That is in essence the e-gold system. But it is not yet perfect as a payment system. Toy identified the current weakness. What is coming soon, will complement e-gold and will act as a payment agent, an interface between e-gold and the non-egold creditors and debtors.

To: Dave R. Webb who wrote (3711)	7/5/1999 8:01:00 PM
From: d:oug	Read Replies (1) \| Respond to of 4066

Dave, Warren Buffett was a buyer of silver and it would rock the boat if he started to buy real cheap all that gold still in the ground. Also, from the Cafe. The Dos Passos Table Sputtering Euphoria - The Spectre of Overvaluation Dr. Bob Dobbs ... at a crossroads of extreme overvaluation. The present US market sentiment is one of sputtering euphoria. Last year alone the banking system created over $1 Trillion, an increase of more than 50% over the previous year.... World trade is sinking deeper into a morass, as beef, steel beams and bananas are but the beginning of a nasty international trade war, yet another reminder of how much we're sliding back into the 30's. The US trade imbalance, .... .... On the other hand, real money can be made in recognizing when a major imbalance exists, as when an investment becomes either extremely hot or cold... ... the "Illusion of the Rabbit."... ... the "Illusion of the Warm Blanket."... ... as the Rabbit provides an incentive to buy, the Blanket provides the motivation to hold what usually is an oversubscribed vehicle... ... This is exactly the very definition of a grand illusion in investing. However, by understanding this herd mechanism, one can clearly see the historic trends and how one can profit from them.... ... The hugely successful mutual funds, ... must by necessity invest large sums of money in well-capitalized stocks, so as not to disturb the market adversely when trading. This necessarily leads to an involuntary institutionalized overvaluation.... The biggest and most successful mutual funds are now as overvalued as the bloated stocks they're forced to buy... Equity markets have, in effect, become mutualized.... ...last time institutional ownership was so prevalent, not suprisingly in the 1920's, when funds were called "Investments Trusts,"... ...for paper assets has resulted in a complacent lot of investors. When history repeats, this flock will be fleeced.... ....accurately personified by the day trader. These internet intrepids are in a Mexican standoff with fingers nervously gripping the mouse pad, shooting glances at each other at an ever more frenzied pace.... It is an old maxim, followed by the saaviest of Contrarian investors, that one should buy what everyone is selling and sell when everyone wants it.... ... are overvalued and that the most attractive opportunities are the ones most overlooked.... Take precious metals, for instance. I can't think of a more unpopular investment vehicle ... ... most everyone on the street will tell you gold and silver are an anachronism - irrelevant in this cashless world, as if gold were no longer a haven for financial difficulty or that financial difficulty has been legislated away... ... contrast to objects like pet rocks, Beanie Babies, or bell bottoms, gold and silver are not tied (entirely at least) to ephemeral aesthetic trends. They are tied to physics, the search for permanence in life, the need for a reliable wealth storage medium, and the fundamental relationship between debtor and creditor. The popularity of gold over six millennia is due to the fact that there is no known substance which shares its unique physical attributes of divisibility, scarcity, and permanence. As a non-debt based asset, gold is the premier financial counterweight to a system built upon promises to make good on debt. This includes not only bonds and mortgages, but fractional reserve, credit in all its forms, and fiat money systems as well. ...Mr. Buffett replied: "Too expensive for me in virtually all cases." ... Warren has been a net seller of stock and a purchaser of silver last year. I'll play my cards the same way as the guy behind the mountain of chips, thank you... Bob's Bombshelter Bear Page, , bob_dobbs@hotmail.com jps.net lemetropolecafe.com Copyright 1999 Le Metropole Cafe