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Pastimes : All Clowns Must Be Destroyed -- Ignore unavailable to you. Want to Upgrade?


To: Glenn D. Rudolph who wrote (28084)4/20/2000 9:40:00 PM
From: yard_man  Read Replies (1) | Respond to of 42523
 
diamonds, platinum and palladium are good investments. I think the PGM have had a tremendous run -- I owned IMPAAY early on, but sold after a double and watched it go on to quaruple ...

But these are more rationally priced -- i.e. according to supply and demand.

I think people will flock to gold when a crisis happens. Why do I think a crisis is inevitable?

Simply the huge expansion of credit and money (inflation) that has taken place since 1997 -- far above the actual growth of the economy. Deteriorating economic fundamentals combined with the misdirected investments which have occured because of easy money -- there are some here that think such excesses can be worked off without a recession ... I think we are really in for disaster.



To: Glenn D. Rudolph who wrote (28084)4/20/2000 9:51:00 PM
From: IceShark  Read Replies (1) | Respond to of 42523
 
Why not diamonds, platinum, palladium, etc?

Now there is a better alternative to the yellow dog. Not so sure about the first, though.



To: Glenn D. Rudolph who wrote (28084)4/21/2000 1:11:00 AM
From: KyrosL  Read Replies (1) | Respond to of 42523
 
<Why not diamonds, platinum, palladium, etc?>

How about what we are currently using ... an average unit of GDP? Naaah ... too rational <g>