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Gold/Mining/Energy : Strictly: Drilling and oil-field services -- Ignore unavailable to you. Want to Upgrade?


To: whitepine who wrote (88480)3/12/2001 10:53:38 PM
From: whitepine  Read Replies (1) | Respond to of 95453
 
I am confused about wisdom of gold or gold stocks as some have suggested. One could argue it is a symbolic store house of value, but oil, NG, legal tender, T/bills/notes seem better choices to me. Myth that gold backs up currencies; it has a high opportunity cost, pays no dividends or interest, and it is not being purchased in massive quantities by central banks (for good reason). LOL to those who believe it is wise to buy it at this time.