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Strategies & Market Trends : Value Investing -- Ignore unavailable to you. Want to Upgrade?

To: Shane M who wrote (7747)	7/13/1999 9:45:00 PM
From: Mike 2.0	Read Replies (1) \| Respond to of 78476

Actually a good question Shane. I don't know of any meaningful uses for gold besides jewelry. The only one I know of (now here is the dumb part) is gold-lined permanent coffee filters instead of paper refills. Gold as a mineral provides no biological benefit or harm. Hey that reminds me...there is Goldschlager too! :-) I'm sure there are other uses for gold...or is there? So gold is worth more around ones neck or finger etc. than anywhere else. And if the demand for gold jewelry in this era of massive consumption is not enough to help buoy the gold industry, when will it ever?

To: Shane M who wrote (7747)	7/13/1999 10:42:00 PM
From: James Clarke	Read Replies (2) \| Respond to of 78476

Shane, that is not a dumb question at all. It is why I will not buy gold stocks or gold, unlike other value investors. I buy financial assets, which are backed by cash flow streams I can understand. Gold is worth what somebody will pay for it - period. In my opinion, it is a purely speculative asset.

To: Shane M who wrote (7747)	7/14/1999 11:14:00 AM
From: geoffrey Wren	Read Replies (2) \| Respond to of 78476

Gold uses. Gold fillings. Used to see it on high rise building windows, as a way to make the window reflect the sunlight out. Makes Venetian glass red. The latter two are pretty minor uses, I am sure. There is such a massive hoard of gold, in national banks, in hoards (especially in India, where even now the gifts at weddings are largely gold items), and in collections (all those Krugerrands, etc.) that it is hard to argue for much of a floor to pricing. I think if I were to buy something as an inflation/catastrophe hedge, I would get platinum or silver or high quality diamonds (just don't pay retail!!). Platinum and silver are more heavily used in industry, and the overhang of supply is less. Geoff Wren