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

To: Daveyk who wrote (69260)	5/16/2001 11:26:57 AM
From: Horgad	Respond to of 116759

Maybe we need to take a page from the dot bomb book of investing. Buy, hold, and buy more on any dips. If you don't have any cash to buy a dip, get another mortgage, get a cash advance on your credit cards, or sell one of your kids. Doesn't matter which as long as you buy the dip. We will all soon be rich... Just don't over stay once we get to the bubble stage. Or maybe there is happy medium somewhere between greed and fear? Nah...

To: Daveyk who wrote (69260)	5/16/2001 12:20:21 PM
From: Rarebird	Read Replies (1) \| Respond to of 116759

David, ANY credit expansion mis-aligns the actual physical structure of production as investments are made which have no real economic underpinnings - only the availability of easy credit. ALL credit expansions bring with them mal-investments, as artificially low interest rates skew economic calculation. Any attempt to ameliorate the situation by throwing even more credit at it only delays the now inescapable correction of the mis-aligned physical structure of production. Further, it perpetuates the mal-investments, as corporations throw even more money at areas of production where there would be minimal demand if not for the artificial stimulation of low rates. Pressed to the very limits, a prolonged credit expansion destroys the real physical economy with a wave of cumulative mal-investments. After that comes the collapse of the currency and then of the system. What will you do when that day comes? Got Gold? Got Guns? Got Guts? Got Gold Stocks? PS Didn't we have a pullback recently?