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To: marginmike who wrote (100441)6/14/2001 8:13:52 PM
From: Jon Koplik  Read Replies (2) | Respond to of 152472
 
Re : gold / turmoil / prudent protection, etc. -- I agree with you on all points.

But -- something Ed Hart (now deceased, formerly a commentator on FNN) said regarding gold really "struck a chord" with me.

He said : if and when the time comes that you REALLY need the gold in your portfolio, you are talking about a scenario where gold will soar exponentially beyond belief for maybe a day or two, and that is it.

And, this event may not happen in one's life time.

I got tired of having some of my money committed to gold, and dumped all gold-related stuff around 6 or 7 years ago.

Jon.



To: marginmike who wrote (100441)6/15/2001 8:50:09 AM
From: Maurice Winn  Respond to of 152472
 
As Sheik Yamani says, the stone age didn't end for a shortage of stones and the oil age won't end for a shortage of oil. The gold standard and the gold age didn't end because of a shortage of gold. The iron age didn't end because it all rusted away.

It's the 21st century. It's the era of phragmented photons. That's CDMA and QUALCOMM.

The New Paradigm means dramatic and continuing "more for less which = deflation", which central banks don't want, so they print money flat out to avoid deflation [and pocket the newly printed money]. That means stock markets roar up because there is nothing to upset commerce and all that new money needs somewhere to invest in. Production is good and people like production, because they use the products. People like things getting better and work towards that.

Mqurice's theory on stones, iron, gold, oil, CDMA, 6 billion people and profits.

Gold is for Aztecs,
Mqurice

PS: I wondered why people posting after this aren't in bed. I realize it's daytime in Florida! 1am...yawn...