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Gold/Mining/Energy : Gold Price Monitor -- Ignore unavailable to you. Want to Upgrade?

To: Alex who wrote (62779)	1/19/2001 3:05:11 PM
From: Claude Cormier	Read Replies (1) \| Respond to of 116753

On gold currencies: "...The other reason is that these currencies are an alternative to gold stocks, with the advantage of being spendable. If the dollar tanks -- and I'm increasingly afraid it's going to -- it might be nice to own money that goes up in value for a change." thestreet.com

To: Alex who wrote (62779)	1/20/2001 12:42:29 AM
From: d:oug	Read Replies (1) \| Respond to of 116753

Alex, Doom & Gloom'er at record and fever pitch, yet the sky remains blue & calm. Yesterday i asked this person who was having difficulty squeezing out of her monthly paycheck the $870 needed each month to pay the minimum due each month for her 7 credit cards, of why she just told me that the problem was gone now. She said it was because she got a letter from one of those credit cards that she signed up for but forgot about and never used, and the letter included those transfer checks to switch another credit card balance from their high 18% rate to this one at 6.6% until jan 2002. Now yes i replied, ok you feel good now & usa economy strong, but that really does not reduce your monthly enough to say problem gone. She replied that the letter also let here deposit here available credit into her bank checking account rather than pay off another card. So she did it and got $5,000.00 placed into her near zero bank account of savings + checking. I mentioned that this actually increases your monthly minimum required, and its only good for about 5 months before used up. She mentioned that she learned a hard lesson borrowing on her credit card to invest into those dot-com companies since she lost most all of her investments as she jumped in late in the game just before the top when it was up up up. So i asked what are you gonna do in 5 months if you cannot get another low to very high after 1 year credit card loan. She then asked me if i had any hot dot com stock picks. Guess what, i told her about gata and gold & silver..... Off she went running towards her $8 trade on-line service yelling that she has to quickly mail them the $5,000. I felt something hit the top of my head, looked up and saw what seemed like the beginning of dark rudely clouds being formed. But no it was not the sky falling, just a bird. I keep reading those gloom & doom articles, same old same old for what, 20 years now??? Maybe that K? Winter i keep reading and not understand, happens every 20 years? no matter, paper comes & paper goes more trees remain ready to supply more paper and if folks want different paper produced paper that will not fall apart when wet with blood tears then the good news is that the physical gold never goes away to back that new type paper to withstand test of time & tears ak -from article in your post- For the time being, it looks like a slow-motion credit crunch, but wait until the markets awaken [awake] to the probability of a hard landing. While policymakers and investors yearn for a cooling economy to prevent rising inflation and fend off future Fed rate hikes, they are unprepared for the havoc that a sharply slowing economy will play with corporate earnings – and with America’s extremely vulnerable financial system.