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To: Oeconomicus who wrote (143133)6/18/2002 6:29:07 PM
From: fedhead  Read Replies (1) | Respond to of 164684
 
Because it is going up. The market is telling me that gold is a good place to be. Thats all I need to know, nothing
more , nothing else. Everything else is noise. The market is
also telling me that US equities are in a severe downtrend that is nowhere close to be over. If the market changes , I will change my mind . Till then I am a gold bug.

Anindo



To: Oeconomicus who wrote (143133)6/18/2002 6:34:36 PM
From: re3  Respond to of 164684
 
rent the movie 3 Kings



To: Oeconomicus who wrote (143133)6/18/2002 8:15:53 PM
From: GST  Read Replies (1) | Respond to of 164684
 
"Tell me again why gold is so great." Supply and demand, nothing more and nothing less.



To: Oeconomicus who wrote (143133)6/18/2002 8:45:19 PM
From: GST  Respond to of 164684
 
Here is Bill's latest contender as the wunderkind tech stock that will win him back some fraction of his lost money: finance.yahoo.com -- a micro-cap company competing in a business with no barriers to entry, facing both new entrants and similar competing technologies and competing from a position in the distribution channel that looks like it might be falling apart, including a realignment of key customers and a likely trend towards backward integration of dominant customers that will shut TIVO out of major markets (asuming these markets develop at all), while it is money and selling at over 7 times sales despite a hefty 90% drop in price since its IPO. Please don't make fun of gold.



To: Oeconomicus who wrote (143133)6/18/2002 11:25:37 PM
From: Victor Lazlo  Read Replies (2) | Respond to of 164684
 
<<Tell me again why gold is so great. >>

Gold can be great if enough Indians, Asians and Japanese think it is great, all at the same time. I believe that in recent months there has been enough buying to create a snowball effect, but the snowball is slowing down. And the attractiveness of gold is transient of course.

Economically, i do not know of a reason to buy gold.



To: Oeconomicus who wrote (143133)6/24/2002 5:34:13 PM
From: Alomex  Respond to of 164684
 
Gold, unless it's in the form of jewelry or other tangible products that have some utility in and of themselves, is no more "tangible" than paper currency.

According to "those who know" (TM) the intrinsic utilitarian value of gold ('cuz it looks nice) is somewhere around $20-90 dollars an ounce. The rest of the price reflects scarcity created by people using gold as a store of value.