Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Technology Stocks : Cisco Systems, Inc. (CSCO) -- Ignore unavailable to you. Want to Upgrade?

To: Jacob Snyder who wrote (58877)	4/9/2002 6:51:12 PM
From: Eric	Read Replies (1) \| Respond to of 77400

Jacob Yup The marginal cost of production has been coming down forever and a lot of production can make money at these levels. But $2000 an ounce? I don't think so. That's what the gold bugs would like! Ahhh, good old commodities, play with at our own peril! (not me!) Eric

To: Jacob Snyder who wrote (58877)	4/9/2002 11:23:11 PM
From: Victor Lazlo	Read Replies (2) \| Respond to of 77400

OT re gold, I wonder if Bambs has noticed that ever since April 1, when much of the insurance on Japanese bank deposits was lifted, gold has been going down. I guess the lifting of the deposit gaurantees was not as eventful as many thought it would be. Much of the recent run in gold (prior to April 1) was from Japanese withdrawing their cash deposits and buying gold. " Buy the rumor, sell the news... " LOL!

To: Jacob Snyder who wrote (58877)	4/10/2002 10:35:28 PM
From: bambs	Read Replies (1) \| Respond to of 77400

have fun with fiat currency... the printing press has been running at a 11% rate per annum since leaving the gold standard in 1972. it's been running at 14% for the last few years..and 20% since sept 11. you clearly have no idea what is coming. let me ask you ...what is the total market cap of all the gold stocks in the world? what is the market cap of the average dow component? at today's prices what is the total value of all the above and estimated below ground gold in the world? how much do the japanese currently hold in t-bills? how much does the USA owe to foreign investors when you add up their investment's in us equities, us t-bills, corporate paper, municipal bonds. if you can even come close to answering those questions and still believe what you claim..I will take the time to argue your point with you. If you can't...you are just one millions of uninformed ignorant people that likes to bash gold and hype garbage techstocks. and CSCO! of all companies..billions of outstanding shares...the king of ponzi stocks...enough stock for everyone on the planet to own a share...what if everyone wanted to own an oz of gold instead? lol. csco trading at 6 times sales. and sales still falling.. please, don't waste my time Bambs re: 2000$/ounce gold: There is gold in seawater, in minute concentrations. Somebody is going to figure out how to genetically engineer coral, so it extracts the gold, and builds reefs that are 50% gold by weight. Also, there are a lot of poor-quality, and difficult-to-reach potential mines, that are unprofitable at <300$/ounce, but become profitable at steadily higher prices. A panic, an "exogenous shock", a bout of inflation, may spike the price of gold up. But, you'd better sell into it, because it won't last. After a lag of a couple of years, an increase in supply will meet any higher demand. This is a commodity we're talking about. I predict the price of gold, over the next 10 years, will be less than 300$ (in 2002 dollars). And, over that time period, CSCO will outperform NEM.