To: long-gone who wrote (37970 ) 7/29/1999 10:23:00 AM From: Hawkmoon Read Replies (1) | Respond to of 116762
If they now wish to rid themselves of this terrible asset gold, then give it back to those they got it from, and I'll agree to getting it back at that $42 rate, thank you. Some came from my Grandfather during the depression. I'll gladly take it back. If they don't want the gold, and claim it's only worth $42, then come the end of the year, send me my tax refund in bullion valued at that $42 number. At $42/ounce, EVEN I would buy gold... So you'll see no disagreement from me on that idea.... <VBG> Personally, those who are trading the gold market are complaining too much. Everyone is looking to change the trend or complaining why economic conditions should require higher prices for gold. I say, let it fall. If you all believe that gold is such a storehouse of value (and it can be in catastrophic conditions where govts are falling... etc), then you should be PRAYING that it will fall even further so you can buy more of the stuff. I've never argued that gold didn't have value given the proper type of political and economic chaos , just that when the global economy is still showing signs of heading into recession, albeit at a slower pace, gold just doesn't have the value that it might have in a hyper-inflation economic environment. The economic chaos that would give gold real and true value would be one where they is so much chaos that only PHYSICAL GOLD would have value. A condition so bad that even gold/silver promissory notes would have no value. Let 'em sell it, Richard. You should be more concerned about where to stash it so they can't confiscate it from you. Regards, Ron