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To: Lizzie Tudor who wrote (144062)7/22/2002 9:55:40 PM
From: H James Morris  Read Replies (1) | Respond to of 164684
 
Hey long lips. What ever happened to your big long move into SONS?
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To: Lizzie Tudor who wrote (144062)7/22/2002 10:41:55 PM
From: Victor Lazlo  Read Replies (1) | Respond to of 164684
 
Lizzie, as long as the dollar keeps falling against the euro and the yen, gold will be a safe bet. The dollar could keep falling through next summer or longer. It'll be an even safer bet depending on how many more corp acctg meltdowns and debt monsters there are lurking out there.

I wouldn't buy the actual bullion, that's a bit draconian to me, but if it goes down to the low or mid teens i'll probably buy back into several miners. Even then it would not be more than 20% of my investment $$.

You are right; i have changed my mind on gold and silver for the short term. I've done some reading on the current state of things, and i've come to believe that some of the mining co stocks can play a sensible hedging role.



To: Lizzie Tudor who wrote (144062)7/22/2002 11:02:30 PM
From: GST  Read Replies (1) | Respond to of 164684
 
I am unclear how you came to the conclusion that gold has no long term potential. There is more to investment than tech stocks, and sometimes being almost anyplace else is good for your financial health. Gold is another place - and what a great one it has been so far this year. You have to keep in mind the larger economic picture -- the global economy We are running a current account deficit that can no longer be financed. That is the kind of environment in which gold is likely to do well.