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To: Victor Lazlo who wrote (58958)	4/14/2002 11:12:35 PM
From: 10K a day	Respond to of 77400

dude, you are everywhere tonight....send me some of that stuff....

To: Victor Lazlo who wrote (58958)	4/15/2002 12:20:21 AM
From: Eric	Respond to of 77400

victor A friend of mine about 20 years ago (If I remember the dates correctly) made a killing in gold. I think he bought in the area of approximately $85 per ounce and sold at $800 just before the peak. I thought he was nuts but he sure lucked out and that was his first trade in commodities! Anyway I always look back at that and get a kick out of what he did! I enjoy bambs statements. It tends to lighten us up a bit on this thread. The funny thing is that a few people I knew back then really thought gold was going to about $1500 an ounce and that was back in 1980 if my memory serves me correctly. And for lot of the same reasons! Go figure.

To: Victor Lazlo who wrote (58958)	4/15/2002 7:35:39 AM
From: GVTucker	Read Replies (3) \| Respond to of 77400

Victor, RE: bambs would like the investing public to NOT recall that gold has been a disaster of an investment for the last 30 years. A complete, unmigitagated, collosal disaster. 30 years ago the price of gold was $38. Today it is a touch over $300. The price of gold has increased about 7.1% annually. Not a home run, certainly, but definitely not "a complete, unmitigated, colossal disaster". In fact, 7.1% is better than the average investor has done over that period of time. Of course, 30 years ago it wasn't legal for U.S. citizens to own gold. 30 years ago, in 1972, the S&P 500 averaged 109.10. Over the past 30 years, ex dividends, the S&P 500 has returned 8.0%, not much different. The only reason the S&P has done better than gold is dividends, which in 1972 were a bit more than 3%.