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Pastimes : Clown-Free Zone... sorry, no clowns allowed -- Ignore unavailable to you. Want to Upgrade?

To: Self-Retired who wrote (90861)	4/6/2001 11:12:12 AM
From: IceShark	Respond to of 436258

LOL! A more or less worthless heavy substance that is best used as door stops. -g-

To: Self-Retired who wrote (90861)	4/6/2001 12:35:11 PM
From: Tom M	Read Replies (2) \| Respond to of 436258

<Why Gold? What is it anyway?> Reminds me of "what is Emacs": "It is a tree falling in the forest with no one to hear it. It is a beautiful flower that smells awful." sorry, that's a programmers thing. Like did you hear about the programmer that shampooed himself to death? He was found clutching the bottle that read: "rinse, lather, repeat".

To: Self-Retired who wrote (90861)	4/6/2001 2:37:12 PM
From: Tom M	Respond to of 436258

Irina, if you're seriously interested in an answer to what gold is, spend the weekend going through the Gold Price Monitor thread. You'll find every kind of explanation & links to why it should or shouldn't go up or down. In a free market, it wouldn't be selling for often less than its cost of production IMO. Depends on whether banker/brokerages/media will continue to rule the Repulic. They had to clean up their act a decade ago... Good luck, and if you find the answer, please share it with us <G>

To: Self-Retired who wrote (90861)	4/6/2001 6:40:59 PM
From: Ilaine	Read Replies (2) \| Respond to of 436258

Gold doesn't oxidize and it looks pretty. A long time ago men found out that if they give women gold, they get laid. This peculiar phenomenon causes gold to be prized by men as a "medium of exchange." Unlike flowers, candy, and other things women like, gold also lasts forever.

To: Self-Retired who wrote (90861)	4/6/2001 6:47:05 PM
From: NOW	Respond to of 436258

I love your style of wit!!! Seriously though, quoting Saville: "It is important to note that gold supply and gold demand are not driven by the same forces that drive the supply and demand of other commodities. A substantial rise in the gold price would certainly lead to a reduction in the fabrication demand for gold, but gold is accumulated, in the main, for monetary or investment purposes. This creates an additional element of risk for those who would be adversely affected by a rising gold price in that an increase in the price of an investment often boosts the demand for that investment. Just as many investors were falling over themselves in their eagerness to buy Cisco at $80 and now want nothing to do with the stock at $13, those who hate gold at $260 will love it when it breaks above $500. In this important respect gold is very different from every other commodity. As an example, a large rise in the oil price will lead to a reduction in the demand for oil because oil is not accumulated for investment purposes. A rise in the gold price, however, poses the risk of creating an even greater shortage since the price rise will likely stimulate increased investment demand. As such, there may be no way for those with huge short positions in gold to exit their positions gracefully. "