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To: GST who wrote (110694)	10/17/2000 10:08:27 PM
From: Victor Lazlo	Read Replies (3) \| Respond to of 164684

<<You are, I presume, acquainted with the US current account deficit? We have been in a strong dollar regime since as long as anybody can remember -- I don't doubt that. >> Yup and it's much better to export aircraft engines, computer operating systems, and pharmecueticals and import shoes, oil and lumber than the other way around! Look at all the goodies Americans are able to lavish upon themselves now! And pay later!! It's great!! And of course, look at Japan- do you know what their trade account is? And their economy is in the gutter. It doesn't pay. Those people are just saving themselves into a depression. They need to spend some of that dough! <<things eventually get to a ludicrous stage and then reverse themselves -- and that will at some point happen to the dollar. >> maybe some day <<Gold is positional. Gold is the currency of last resort. Gold is oversold in ways that have not even been invented for other asset classes. And gold stocks are few, far between, and tiny. >> Because most of the gold mining co's are now out of business from a dead market for gold. So retail investors should rush in here and buy gold and enjoy the kind of losses you have suffered??