Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: Ken Benes who wrote (73933)	7/25/2001 2:29:04 PM
From: c.hinton	Respond to of 116756

Obviously I can only speak for my self ,but I would not be in gold (12% net worth) if I had confidence in an economic recovery in the near future.Gata does not enter into my investment decision nor does short term trading ops.The credit bubble,and overly strong dollar does enter into it. If we have been experiencing a credit bubble it seems reasonable that until the the resulting debt has been paid off or defaulted upon no lasting recovery is possible. I fear not a stock market crash ,but a bond market crash or at the very least , a severe crisis. It seems to me that visions of a lasting recovery in the near future are based on current economic data remaining stable.ie Unemployment remains stable, the dollar remains stable,earnings remain stable,inflation remains stable,corporate and private debt remains stable and the world economy as a whole remaining stable. It is all a very tall order,and it is all interconnected,if one deteriorates there is the real possibility that the others will follow. This is only my opinion. For me wealth creation is secondary to wealth preservation . PS deflation and inflation can happen at the same time.It is called stagflation.