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Strategies & Market Trends : India Coffee House -- Ignore unavailable to you. Want to Upgrade?

To: SouthFloridaGuy who wrote (7362)	9/29/1999 5:12:00 PM
From: sea_biscuit	Read Replies (1) \| Respond to of 12475

Yes. And I also said that by the time India has most of the world's gold, it will be worthless. Gold bugs (like you?) ought to celebrate hard while things are still looking good over the next couple of days. After that, it will be back to one of them long painful endless winters all over again!

To: SouthFloridaGuy who wrote (7362)	9/29/1999 5:21:00 PM
From: sea_biscuit	Read Replies (1) \| Respond to of 12475

Since it looks like the last few days has seen quite a few gold bugs walk out of the woodwork, the following article titled "The Case Against Gold" might be of relevance : news.morningstar.com Excerpt : Two thousand years ago, a Roman senator could buy a really spiffy, top-of-the-line toga for about the equivalent of one ounce of gold. The Armani family would hand-tailor his garment from the finest imported fabrics and most stylish dyes--a real power suit, guaranteed to turn heads while sending a strong message of restrained power and worldly sophistication. During the Civil War, a fashionable man's suit cost about the same as an ounce of gold. Today, with an ounce of gold hovering at about the $300 level, careful shopping will buy you a fair off-the-rack suit at a chain department store, but the Armanis won't let you in the store for just the price of an ounce of gold. Using this highly anecdotal "evidence" I conclude that even long-term investors have not experienced significant appreciation from holding gold. Yet there is a small but committed cadre of "gold bugs" that hold the metal in almost mystical reverence as the ultimate store of value...