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To: TobagoJack who wrote (13334)	1/11/2002 9:38:35 PM
From: AC Flyer	Read Replies (1) \| Respond to of 74559

>>Follow along with me, for a moment, putting aside your natural and understandable bias, as I did, as AC Flyer is probably not willing to, and see what I mean, and then ask yourself, is it worth an allocation?<< Not at all, Jay. I had a gold (mutual funds actually) position for several months in 2001, but on deep reflection decided that buying gold was essentially a market timing decision and that I am not a market timer. The opportunity cost of owning gold for me was giving up the 25% to 30% annual returns that I have seen in the last 3 years from my other holdings. Gold may well go to the moon, but when, that is the question.

To: TobagoJack who wrote (13334)	1/11/2002 11:28:57 PM
From: Ilaine	Read Replies (1) \| Respond to of 74559

Hi Jay - if you haven't read this month's Wired magazine, the content will be available on-line on 1/15/02. I think you'll like the article on e-gold and Islam. Apparently there is an Islamic sect which is in favor of e-gold, so they started e-dinar, a counterpart to e-gold. The one thing of value I learned is that gold is almost twice as heavy as lead, but I think you'll get more out of it. wired.com:80/wired/archive/10.01/ One of these days I am going to lecture you on how the gold standard does NOT mean simply using gold as money. It was very manipulated by governments and central banks, especially after 1922, when the world went back on, not the gold standard, but the gold exchange standard. But I won't do it today. Just be aware that money has been politicized for centuries. Maybe there was a golden age under the Lydians, but remember even they made money out of a mixture of gold and silver (electrum). Reading about foreign exchange in multiple currencies hurts my head. I need to make up cheat sheets. Which reminds me of a joke one of my history profs told us. He graduated from Columbia, and the head of the department there kept his middle desk drawer locked, and the key in his personal possession at all times, for years. Every day, before he went to teach class, he'd open the drawer, look in it, and lock it back up. After he died, the first thing everyone wanted to do was take that key off his body and see what was in the drawer. The drawer was empty, except for a piece of paper taped to the center. It read: 1400s = 15th century 1500s = 16th century 1700s = 18th century 1800s - 19th century 1900s = 20th century

To: TobagoJack who wrote (13334)	3/5/2002 10:07:15 PM
From: LLCF	Read Replies (1) \| Respond to of 74559

Interesting how anyone who likes gold as an investment at the moment is somehow a 'goldbug'.... someone who is generally bearish on US equities at the moment 'always has been' and must be a ludite. Conversly, those wildly bullish or somewhat bullish are automatically erudite scientific types. DAK

To: TobagoJack who wrote (13334)	3/6/2002 2:45:20 AM
From: Maurice Winn	Read Replies (1) \| Respond to of 74559

In praise of Colinisation. Without Britain's empire, India would not be having the success in software that they are: <"The most important difference," said Shen Weiping, vice president of Jiaotong University in Shanghai, "is that professors in India teach computers in English and professors in China teach computers in Chinese." Until now, English has been taught as a subject in China, but other subjects have not been taught in English, limiting practical use of the classroom learning. English skills are critical for the Chinese if they intend to build the customer relationships needed to increase exports to English-speaking countries.> Young people in India are NOT impressed by the stupid moves to Hinduize India and ditch English in pursuit of National Pride [like the French who try to ban English contamination of their sacred language - they ban words like restaurant, cafe ... hahaah.. little joke there]. They find on looking for a job that the number one requirement for a serious job with serious pay is ability in English or American or Internationalese. Those still fighting a rearguard action against residual icons of Britannia, such as English, are ruining the opportunities. Young people will of course ignore them where possible. Meanwhile, China will be figuring out that to get the money, you have to speak the language of the people with the money. Hence, Japanese and English are big languages. Russian and French are on the way out. Chinese will be big time soon enough. Anyway, the point was going to be, imagine when 2 billion Indians and Chinese are writing umpty trillion lines of code for It. Globalisation and post-cusp expansion are going to be getting a very big acceleration as they come onstream. I hope they don't put any sneaky bits of code into It which might be detrimental to my nausages. <P.S. Here, them commies are learning from the Indians, globalization style … so that they have more money to pay for your CDMAs ‘planet-ization’ fashion … nytimes.com “Chinese Race to Supplant India in Software January 5, 2002”> Mq