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

To: long-gone who wrote (78138)	10/9/2001 12:54:33 AM
From: Mad Bulgarian	Read Replies (1) \| Respond to of 116836

What a terrific piece. As a fellow East European, I can confirm that most people around the world have no clue how America works. They are green with envy at our wealth, but have no idea how we created it, or that we are forever creating more of it out of thin air. To most non-Americans, wealth is a constant, a zero-sum game. Prosperity is neither created nor destroyed, but just moved from the poor to the rich by nefarious means. Ergo, if you are rich, you are by definition nefarious. You deserve to be knocked down a notch. So instead of working hard to create something of value, people in my native part of the world (and Berkeley, too) spend all their time knocking successful people down a notch. Sometimes they knock down whole buildings. What a waste of lives on both sides. I have only one solution. We must unabashedly broadcast the American entrepreneurial Capitalist message to the masses around the world, with the same fanatical fervor as Lenin, Mao, or bin Laden, until our message is heard: you can create prosperity out of thin air, in unlimited amounts - just get rid of your feudal and socialist governments and embrace democracy and capitalism. Capitalists of the World, Unite! -MB

To: long-gone who wrote (78138)	10/9/2001 1:27:23 AM
From: Mad Bulgarian	Read Replies (3) \| Respond to of 116836

Why Gold Sucks And now, for something completely different. I would like to share with you my investment opinion on Gold and Gold-related assets. Seeing how expensive my research was, I believe my analysis should have at least some validity. To summarize: Gold Sucks. Even though I titled this rant "Why Gold Sucks", I really don't know why gold sucks. It just does. It sits there all day, sucking. Yesterday is stopped sucking for, oh, about 4 hours, and then it sucked again. Before that, it sucked for 20 years. Back then, there was a month or two when it didn't suck. It has sucked ever since. I hate to tell you this, but it will suck forever more. Like I said, I don't know why gold sucks. There are people who think it's a grand conspiracy between the Illuminati, the Queen of England, and Little Green Men from Tau Ceti. Could be. Could be. There are people who talk incessantly about lease rates, safe-haven buying, the dollar-euro exchange rate, producer forward hedging, speculative short versus commercial long positions, Aussies versus Rands, and the Illuminati versus Little Green Men from Tau Ceti. Forget about it, boys. Gold sucks. Period. That's all you need to know. End of story. You'd think that, if there ever was a time for gold not to suck, it would be now. I felt a good deal of guilt on Sept 12th to realize that my portfolio was 60% cash and 40% in ABX, NEM, and PDG. Jeez, I thought, all these people dead and I'm gonna make a profit on it. I should give some of it to charity when the markets open. Well, the markets did open, and - you guessed it - gold sucked. It just lay there, like a dead fish, not even managing to open its mouth to do some sucking. The best investment advice I ever got was from an old technician who told me: "The only thing that's real is Price and Volume. You can't argue with that. Everything else is opinion." Well, we have a blah Price and zero Volume. Yessiree Bob, Gold Sucks. Now, you may have a contrary opinion. Usually, these contrary opinions start with an "IF" and end with an exclamation point or two, like this: "If there is an attack on Britain or the U.S, then prices could rocket!!" (Actual quote from today.) Yeah, yeah, yeah - Now repeat after me: Gold Sucks. Gold Sucks, Gold Sucks. Better yet, go to your bookcase and take out a particularly large tome - an Atlas of the World will do fine. Then turn down the lights and walk in a circle, repeating "Gold Sucks, Gold Sucks". Each time you say "Gold Sucks", hit your forehead with the book, like this: Gold Sucks... <WHACK>... Gold Sucks... <WHACK>... Gold Sucks... <WHACK>... Gold Sucks... <WHACK>... ... ... -MB