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To: Joan Osland Graffius who wrote (146472)1/27/2002 4:56:29 PM
From: Tommaso  Respond to of 436258
 
Me too, I have a few Krugerrands, mostly Maple Leafs. I think I may have paid as much as $350 for some of them, and that probably explains my somewhat annoyed feelings about gold. If it ever gets back to $350 --especially within the next couple of years-- I ought to be in good shape with the NEM calls.

I was studying the dollar charts from 1971 yesterday. I had forgotten that it sank as badly as it did in the 1970s, with the Swissie going from 25 cents to 65 cents in eight years.

I did get lucky with some Swissie travelers checks that went from about .60 to about .80 around 1990, helping to pay some hotel bills there. But am sitting on some now that cost me .65 and which were definitely a mistake to buy when I did--about two years ago. The way my wife puts it, "You just go along with reckless caution."



To: Joan Osland Graffius who wrote (146472)1/27/2002 5:35:12 PM
From: Tommaso  Read Replies (1) | Respond to of 436258
 
Another fact of some interest, not obvious to us in the United States, though no doubt regularly pointed out on SI: gold has been in a bull market for the last year or two as measured by most other important currencies. Hit bottom in late 1999.

I guess I am metamorphosing into a gold bug. When the dollar breaks, up it goes. (Until the price stimulates a lot of new production, of course.)