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To: patron_anejo_por_favor who wrote (168882)5/29/2002 5:34:24 PM
From: Tommaso  Respond to of 436258
 
Too bad gold already had its once-in-five-hundred-years mania; otherwise there is no telling what it could do. But like stocks in the 1950s, the memory of that subsequent bear market may keep it damped down somewhat.

But the 1950s were a hell of a good time to get into stocks, for the most part. As fiat paper money loses value, especially the US Dollar, gold may prove a way of retaining real wealth over the next ten years.

My own guess, though, is that $500 gold would stimulate very large increases in exploration and production. I'll settle for $500.



To: patron_anejo_por_favor who wrote (168882)5/29/2002 5:43:40 PM
From: yard_man  Respond to of 436258
 
I like that idea -- I'd like to be a stupid-gold-bug-fool that sold before they doubled the last time <vbg>



To: patron_anejo_por_favor who wrote (168882)5/29/2002 8:26:20 PM
From: stomper  Respond to of 436258
 
LOL, shocking...not:

fortune.com

It won't be the first time Blodget has tried to write a book. Before he landed his first Wall Street job in 1994, Blodget's ambition was to be an author. His friends included Elizabeth Wurtzel, author of Prozac Nation, and New Yorker staff writer Larissa MacFarquhar. He toiled at low-paying editorial jobs. And in his spare time, he wrote a book. But it was never published.

Instead, his struggles became fodder for his more successful peers. In her self- help book, Radical Sanity--Commonsense Advice for Uncommon Women, Wurtzel describes an unnamed friend who "went from menial job to meaningless job for years" before landing on Wall Street. "Let me assure you that this friend was a complete loser for several years," Wurtzel writes. "Believe me, he was truly pathetic." It was common knowledge in Blodget's circle that Wurtzel's friend was Henry.

To this same circle, Blodget's rise on Wall Street was astonishing. To them he was a Wall Street version of Chauncey Gardener, the illiterate gardener portrayed by Peter Sellers in the movie Being There whose empty-headed statements are mistaken for profound wisdom. His Wall Street friends had more respect for his abilities but were no less amazed by his good fortune. "Two years before this he was barely making enough money to buy bread," says one. "Now all of a sudden he's Britney Spears."