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

To: Cage Rattler who wrote (86105)	5/30/2002 12:49:06 PM
From: E. Charters	Read Replies (2) \| Respond to of 116895

Money under the mattress erodes at the current interest rate and is very insecure. It is also subject to bad accounting practices and encourages free spending. We know farmers who did and still do literally keep their money in a jar. On the other hand jars are a lot safer than a Nasdaq pink sheet on the average. I have never seen a glass jar melt down in one day. People right now have a strong approach-avoidance conflict with the market. But fortunately they are less shocked by gold and resource stocks, as that debacle is in the past 5 years now. That is one longtime. So the rat may press lever labeled "Resource Discovery -- one food pellet), tentatively at least, as the light is glowing above it, and at one time it did drop food pellets. It could be that the cage was miswired or wet that day when they almost died of a heart attack. But no way they are going near that lever labeled "Dot-Comm - 1000 food pellets" for a while yet. I am going to tell you why you should invest in a gold mine. In 1929 as a I am fond of saying, Lakeshore Gold Mines went to $65.00 a share. AND gold went, on its own, from 20.67 to 32.32 in 19233 and then to 35.00, before it was fixed at Bretton-Woods. This pattern indicates gold and resource harbingers are relatively safe investments in some markets. There, I have told you why you should invest in gold miners even if the market in general is going down or may stay down for a while. In any down market there will always be stocks that go up. In any depression there will always be money making opportunities. I am going to tell you that depressions are not to be feared. In the 1930's (the great depression) was the greatest era of growth in real terms of modern engineering and industrialization of any decade. I have told you why they should not be feared. They are, in fact, a great money opportunity. Granted, 9-11 was initially a heebee-jeeebee to the marquette. But in the long run it will be industry's friend and gold's friend. War is good business. So far the US has rejected any political concessions to avoid future 9-11's. This is not entirely justified, as a peace treaty has to be signed eventualy with someone, you just cannot wipe everybody out. But in order to make any kind of overtures, they would have to deal with a legitimate, trustworthy group who could be identified. Al-Qaueda in caves does not qualify.