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To: Oblomov who wrote (185468)8/1/2002 8:02:41 PM
From: TobagoJack  Read Replies (1) | Respond to of 436258
 
Hi Oblomov, in the Mark Lewis article was this bit folksy sound bite, 'The more paranoid among us can buy some Krugerrands and bury them in the backyard as a hedge against the complete collapse of the financial system'.

Just because it happened in Rome, Britain, France, China, USA, ... Thailand, Korea, Russia, Argentina, Ecuador, Uruguay, Brazil, and Japan in the past, doesn't mean it will happen again somewhere soon;0/

I am guessing not that many folks read "Only the Paranoid Survive" and appreciated that folksy message after all.

Chugs, Jay



To: Oblomov who wrote (185468)8/1/2002 8:57:31 PM
From: Secret_Agent_Man  Read Replies (1) | Respond to of 436258
 
"More than the Dow, the Dax or even the dollar, the price of gold is arguably the most important piece of financial data on the planet. Traded in every time zone and coveted on every continent, gold is the most widely quoted investment in the history of the world. While gold’s value might fluctuate, the fact that it has value hasn’t changed for 5,000 years. In all practical terms, gold is money. It has no board of directors or debt. It will never rust, decay or file Chapter 11. Gold boasts no Ebitda, nonexpensed stock options, conflicts of interest or accounting tricks. Gold is beholden to no one. Gold is merely a store of wealth. It doesn’t do anything…it is simply owned."
financialsense.com