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To: Alan Whirlwind who wrote (68334)4/26/2001 11:48:46 PM
From: Rarebird  Respond to of 116764
 
<So what did all those posts of yours last few years making excuses for Clinton and others attacking Bush contribute?> It contributed a little balance to a thread that is primarily conservative in Nature. Clinton's record and actions speak for themselves. Who needs to provide excuses for Clinton? The guy left office with the highest approval rating of any President. <You follow your so-called thread etiquette only when it's expedient to your leftwing views. > That's not true. I care a lot more about the gold market than I do about political discussions. I use to post on the left wing thread here on SI and found it boring and shallow. Moreover, I'm not looking to convert anyone to my views. Personally, I look forward to hearing all the conservative arguments here, as it refines my own views. I like my ideas to be criticized and attacked, for that's how I learn. I suppose what bothers me the most is the blame some place on Clinton for the bear market in gold. To be continued.



To: Alan Whirlwind who wrote (68334)4/28/2001 4:04:02 PM
From: Rarebird  Read Replies (3) | Respond to of 116764
 
Continued: "What bothers me the most is the blame some place on Clinton for the bear market in gold."

What most people on this thread don't realize is that Gold and Gold stocks are the ONLY asset class which the U.S. Government has a vested interest in keeping the lid on, whether the Republicans or Democrats are in power. There is NO other asset - no currency, no stock, no bond, no real estate investment, no retirement fund, no derivative, that has seen its price purposefully pushed DOWN by Government.(OK, Richard, I admit it, but I take that as a given.) All the asset classes which Americans invest in are dependent upon the health and well being of the U.S. Dollar. The health and well being of the U.S. Dollar is threatened by NO other asset class - EXCEPT GOLD.

A BULL market in Gold would be a potential catastrophe for the U.S. Dollar. Why else do you think that guys like Tevee, Ken Benes, Ron Reece and a host of other gold bears, post their perma bearish Gold thoughts here?

Greenspan is boxed in. Stagflation is now here and may get much worse. Stagflation is the best environment for gold stocks. The alternative is extreme Deflation, which is the second best environment for Gold.

The risk here is not being long gold stocks in spite of short term overbought readings.

PS I continue to buy Gold Bullion and Gold Stocks on every single dip. And this is coming from someone who loves high tech more than Gold.