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


To: goldsheet who wrote (64070)2/19/2001 11:20:11 PM
From: long-gone  Respond to of 116762
 
<<I just sold my $1M gold portfolio (cost basis of $5M five years ago) because I was too stubborn to accept changing market conditions, believed all the bullish gold rhetoric, and was too stupid to sell five years ago. >>

Just think, at times it was $0.8M and others $1.6M.



To: goldsheet who wrote (64070)2/19/2001 11:27:41 PM
From: Richard Mazzarella  Read Replies (2) | Respond to of 116762
 
Bob, that's a very valid alternative. My comment wasn’t supposed to be logical, just an irrational outburst to demonstrate frustration and seek attention. When do investors ever blame themselves for losing money? <VBG>



To: goldsheet who wrote (64070)2/20/2001 12:12:27 AM
From: russwinter  Read Replies (1) | Respond to of 116762
 
If you are referring to me the writer of the orginal letter, my cost basis is $1.15 million (not $5 million)all bought in stages between July, 1999 and now. I figure the only people that hit the bottom or top of any market (bull or bear)are either lucky or liars. I fully expect to cover that ground and much more. Sticking mostly with low cost deposits helped stem the damage. That's one area where you and I agree.

BTW, picked up my first shares in GBU today.



To: goldsheet who wrote (64070)2/20/2001 12:42:47 AM
From: long-gone  Read Replies (1) | Respond to of 116762
 
But does it really seem "correct" that price should be this low with a 6 months greater demand than supply?