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Strategies & Market Trends : Zeev's Turnips - No Politics -- Ignore unavailable to you. Want to Upgrade?

To: AJL who wrote (90458)	7/2/2002 11:44:25 PM
From: SOROS	Read Replies (1) \| Respond to of 99280

I've not hidden my angle. I may be dead wrong. I've placed my money in gold. That's because I think the stock market has developed in the past 20 years, especially the past 10, into a very corrupt machine. I also think the standard of living has gotten way too lofty at the expense of huge debt. This debt will have to be dealt with, and I don't think the picture is pretty between the debt and the fraud-created stock valuations. I really think gold ownership is more than just an "angle." It is a statement. If there is to be a currency, it ought to be tied to something measurable. It should not be able to be manipulated and created out of thin air as Greenspan has repeatedly done. The individual has been harmed by these policies, but it was our own greed in the 90's which brought a great deal of this about. Everyone, including me, got caught up in this to some extent. But at some point, you have to correct what you know is wrong. That may not equate with getting richer, but then again, it just might. It is what you do with your wealth that counts, after all. I remain, SOROS p.s. don't believe in these types, but sometimes they are astute enough to guess correctly: 321gold.com