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Strategies & Market Trends : The New Economy and its Winners -- Ignore unavailable to you. Want to Upgrade?

To: Tom Kearney who wrote (11665)	5/21/2002 4:59:21 PM
From: Bill Harmond	Read Replies (2) \| Respond to of 57684

I think gold is affected by what's going on in other parts of the world like India/Pakistan. Of course gold has always been a store of value when people are scared about other assets, so there must be plenty of that here as well. A bubble, though? The last gold bubble was 1980 or '81 due to real inflation. 30-year US T bonds yielding 13 3/4% truned out to be a much better investment! There's hysteria in every corner: The economy, accounting, terrorist threats, unsettled Middle East. About the only thing left is for something real to happen again, IMO. The market sure seems to be discounting it here.