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Strategies & Market Trends : Waiting for the big Kahuna -- Ignore unavailable to you. Want to Upgrade?

To: GROUND ZERO™ who wrote (46633)	4/3/2000 12:06:00 PM
From: William H Huebl	Read Replies (1) \| Respond to of 94695

Then it has GOTTA be a good buy. <g><g>

To: GROUND ZERO™ who wrote (46633)	4/3/2000 12:45:00 PM
From: pater tenebrarum	Read Replies (1) \| Respond to of 94695

GZ: re: gold...i am sometimes mistaken for a gold bug, which i really am not...basically gold is useless. lately however (let's say over the past year or so) i have revised my opinion somewhat. for one thing, many have come out and declared gold to be dead, demonetized, what have you. precisely the thing you'd expect when an LT bear market is nearing exhaustion. secondly, i believe that the fiat monetary system that has worked so well over the last three decades has become subject to a lot of abuse in the meantime, something that is due to an inherent flaw imo. printing more money has become the preferred CB solution to financial problems/crises. in the process, leverage in the system has built up to a considerable extent. the gap between money supply growth and economic growth widens ever more. at some point i think the system will suffer a crisis of confidence that will not be amenable to a solution involving more printing. at that point, "solid" gold may make a comeback... regards, hb