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Gold/Mining/Energy : Gold Price Monitor -- Ignore unavailable to you. Want to Upgrade?

To: SwampDogg who wrote (43918)	10/26/1999 1:46:00 PM
From: ahhaha	Read Replies (4) \| Respond to of 116756

All investments are characterized by two variables: risk and return. An enterprise to do anything profitably is an investment. Gold companies have a certain expected return as do industrial companies. The returns on industrial companies are higher in any range or scale of volatility based on the risks the companies are taking. So within a given class of risk the average industrial stock will perform better than those in the gold group. This is historically confirmed. What is it that industrial companies are doing that adds greater value? They are harnessing human effort in a way that better utilizes what humans are good at doing. Humans create the only value. The labor theory of value is a tautology. Gold is worthless just like air and water. Other times this isn't true. Humans make the difference yet to nature they are all of the same value. Zero or infinite. The notion of value isn't applicable in an absolute sense. Over 20 years 99% of the stocks in existence rise something like 50 times. That is not true with mining companies and less true for other companies to the degree they are resource oriented. This is true in bear and bull markets, inflation, deflation, depression, elation, you name it. Everyone sneers at Sycamore's valuation but it is Sycamore which will enable the high speed transfer of mining data to geologists. It is simply absurd to sneer at the Internet over the Internet.