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

To: marek_wojna who wrote (86213)	5/31/2002 9:01:02 PM
From: Ahda	Read Replies (2) \| Respond to of 116816

"Claims that gold is acting as a safe haven for investors who don't know which way to turn show a lamentable lack of understanding of the gold market and its issues," it declared. I believe that they fear investors are not exactly a robust group on stocks with sky hi pe's. There are not too many people in this nation that don't know minus and plus signs. Investors have become very well educated due to Enron and questionable pensions where faith in company was the format and employees not the door mat. To me this means Barclays is thinking twice concerned that investors are thinking three times.

To: marek_wojna who wrote (86213)	5/31/2002 9:52:09 PM
From: E. Charters	Read Replies (1) \| Respond to of 116816

-- Higher Prices (of gold) Will Choke Off Consumer Demand - Negate Impact Of Producer (Barclays sententious pronouncements ...) yaaaah.. right. Like that ever was operational. Ever since paper money was invented they have been trying to sell gold like mad, in order to pump up the chit. It has never worked. Print too much of it and the chit becomes trash. Gold is the one commodity that has never ever been known to reduce demand when its price rose. It is the most inelastic commodity there is. You sell MORE ounces when the price is high than when it is low. That is reverse elasticity. The reason for this is the worth is perceived as greater so it attracts capital. Barclays is full of chit. It is one of them. The naysayers who loan gold and since 1995 have been trying to drive the price down. EC<:-}