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Strategies & Market Trends : The Options Box -- Ignore unavailable to you. Want to Upgrade?

To: Alidotr who wrote (7552)	11/20/2000 12:23:01 PM
From: X Y Zebra	Read Replies (1) \| Respond to of 10876

I have been buying gold (mainly in coin form), but I am leaning toward the idea that gold is in a secular bear market. In my eyes, gold as the former "store of value" is dead. This coming from a mild Randian nut. (You should listen to the real nuts). Gold, in the age of byte-money is unpractical and costs too much to store. In addition, Central Banks in other countries have used their reserves to get assets that produce at least a bit of interest, plus they do not pay for the warehousing and security to keep it. Gold was good in the days of the barbarians, not the computer age. In spite of what a lot of people may say, the US Dollar (or alternatively, the Swiss Franc --maybe) will become the store of value of the future, particularly if the deficit is really extinguished. The presidential election is beginning to sound as a bunch of gnats arguing over an old rotten banana. We will survive it. Off the soap box (wheu, this time was a short one !) Thanks for your p/e considerations on the Naz. I appreciate it