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

To: Claude Cormier who wrote (60)	2/16/2002 11:50:25 AM
From: Tommaso	Read Replies (1) \| Respond to of 203

As I imply in my follow-up, I am deeply distrustful of the value of the U. S. dollar and therefore am maintaining my gold position. But I am trying to make sure that I see what I am doing as truly defensive and not as a euphoric speculation. stls.frb.org These MZM rates would suggest a value of gold at this moment of $250 times about 1.2 (or $300) because of the (outrageous) increase of MZM lately. By coincidence, that's exactly where the gold price is right now. Fear and greed combined could send it considerably higher. Also, there may be, as you imply, a built-up inflationary pressure from monetary increases of the past several years. As best I can tell, then, gold is a pretty good place to be right now.