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Strategies & Market Trends : Currencies and the Global Capital Markets -- Ignore unavailable to you. Want to Upgrade?

To: Hawkmoon who wrote (2689)	12/25/2000 8:45:01 PM
From: TobagoJack	Read Replies (1) \| Respond to of 3536

On gold (just another asset class, no more useful than overbuilt Texas apartments), it may not be important what the learned thinks, but only what the learned will think the unwashed masses around the world will believe as these latter folks scurry around aimlessly in un-choreographed panic. The fear of losing everything will make folks do strange things. I still like Anglo American Plat and Impala Plat (available as AAPTY, and IMPAY in US), more useful than gold, with no monetary authority overhang, shiny to the eye, cold to the touch, and pays a dividend. Gold, while not as valuable, is often more liquid. Hedge and speculate is not quite the same as cower and hoard.

To: Hawkmoon who wrote (2689)	12/25/2000 9:07:14 PM
From: X Y Zebra	Read Replies (1) \| Respond to of 3536

But such a drastic breakdown might cause us to default back one step further and return us to a barter system in which it would behoove us to buy large quantities of fuel, non-perishable foodstuffs, and assembling an armory of assorted weapons and quantities of ammunition..... <VBG> That is precisely why I do not believe neither in gold nor in catastrophic events either. The purchase of black helicopters alone would bail us out of any super depression. -gg-