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To: Victor Lazlo who wrote (127591)7/1/2001 9:04:40 PM
From: craig crawford  Read Replies (1) | Respond to of 164684
 
>> for most people under 45 yrs of age, gold has never meant much more than a hugely underperforming scam for futures trading hypsters <<

and that's precisely why it is unloved and under-owned. after being hurt immeasurably during a speculative mania 20 years ago, people don't lose the bitter taste in their mouth for a long time. that is why it takes decades and sometimes the passage of a generation for a bull market to resurface. you get a whole new crop of people like myself who haven't been burned by gold and are open-minded to the possibility of it's use as an investment vehicle during periods of currency instability.

incidentally that bitterness is now manifesting itself via tech stock investors, and that's why they will underperform for many years. the pain is too recent and the lessons learned will not easily be forgotten.