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 : Strictly: Drilling and oil-field services -- Ignore unavailable to you. Want to Upgrade?

To: Frank Pembleton who wrote (93301)	8/9/2001 12:58:42 AM
From: que seria	Read Replies (1) \| Respond to of 95453

"Gloom & Doom"--love this bold response to the critics: We have not been wrong for 30 years, we have been early. Still are, I think. I've got my 10% gold hedge, but I think deflation of financial assets and real estate will keep playing out for a while before we have the crucial shift in psychology to gold/silver as inflation hedges. So selling when rallies don't happen or extend (as per Roebear) beats dead money. Of course J6P will be behind the curve, and you've got to be early, but Wow! Decades early and unrepentant! A true believer, not an investor.

To: Frank Pembleton who wrote (93301)	8/9/2001 9:14:35 AM
From: Art Bechhoefer	Read Replies (2) \| Respond to of 95453

I couldn't DISAGREE more with this Debt Babble article. It reveals a mercantilist attitude that was already outdated over 225 years ago when the gold bugs running the British economy under George III thought a tax on tea in the colonies was just the thing to keep the books in balance at home. The way you get out of the current economic mess is not by investing in gold but by investing in the least developed countries, whose response is to buy needed products from the most developed countries--a far more efficient way of generating demand than to restrict it to the already satiated developed economies. Of course, the mercantilists can't stand even the suggestion of giving something away. Art