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

To: Tommaso who wrote (77728)	10/1/2001 2:19:07 PM
From: IngotWeTrust	Respond to of 116756

I wouldn't worry too much about Y2K "dis-hoarding" MYTH weighing on the coin market. Think about it. I sold ODDLES of Y2K gold privately to individuals the 6-9 months prior to Y2K. I haven't been contacted by a single one, NOT A SOUL, about buying it back post Y2K. In reality, for most couples to have even permitted themselves to purchase "Y2K gold" required REAL soul searching and husband/wife decision making/negotiation, NOT an easy process. The women were more willing than the men in most cases. So, I submit you consider that it's going to take the same "twosome" to vote to sell. By and large, the women are the hoarders and the men are the protector, and this stuff is tucked away, major MAJOR! Furthermore, there is a "budget phenom" that is a operative in almost all cases, i.e., once a major decision to buy in the first place, and the budget "cash spending hickey" dislocation as the result of purchase, has been worked through the monthly budget system, and the "hurt to buy" is forgotten. So, said gold is stashed safely and not referred to. To bring it up means to discuss what the cash from the gold sale is going to be spent on...and again, the husband wife team have to enter into negotiations and competing ideas surface...voila, the gold stays stashed. Thirdly, having that gold stash is comforting to the "hoarders"..., and that gold stashed away comfort factor is played down and totally discounted, mostly by folks who DON'T have any gold stashed away. These are the same "role models" who touted tech stocks that have largely fallen 50-95 percent in value. Since they didn't put any money or spousal negotiation time and effort into acquiring and stashing hard gold, they have been the greatest source of putting down those who have! And while I'm waxing eloquent, "hoarders" is a MISNOMER, and part of the intentional negative branding of anyone with sense enough to have something tangible saved for a "rainy day." Fourth and finally, I know for a FACT, most people don't know how or where to sell their gold back to!!!. Have you ever tried to sell back a stamped 14K gold necklace to say, "Kay's Jewelers?" Don't let the door slap you on the a&&side as you retreat with NO!!! ringing in your ears from a stern-faced, unapologetic store clerk or bench jeweler! And they're not likely to turn to ebay to sell it to strangers... But, hey, that "expert" didn't say anything about how it works out here in the real world with physical gold savers...Sometimes I wonder just who writes that stuff! Just some food for thought from a physical gold dealer