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Gold/Mining/Energy : DROOY Durban Deep- Best S. African Mine -- Ignore unavailable to you. Want to Upgrade?

To: rmarc who wrote (234)	9/16/1999 8:47:00 AM
From: Lightning	Read Replies (1) \| Respond to of 851

To be fair, one could have started pounding the table in 1980 arguing that common stocks were a great buy. Until August 1982, that person would also have looked like a fool and everyone would have said "when has this guy ever been right." Certainly history would have been on the side of the nay sayers since most stocks had been in a major down trend (in inflation-adjusted terms) for well over a decade. Still, looking back, stocks purchased at the high in 1980 would be almost as valuable today as those purchased at the low in 1982, and the rate of return over the ensuing 19 years would still be phenomenal. I think that many will look back at gold prices in 1997 to 1999 and wonder why they couldn't muster the courage to buy at what may turn out to be once-in-a-generation low prices.