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Politics : Stockman Scott's Political Debate Porch -- Ignore unavailable to you. Want to Upgrade?

To: Jim Willie CB who wrote (8745)	11/3/2002 9:53:10 PM
From: pogbull	Respond to of 89467

Great post, thanks.

To: Jim Willie CB who wrote (8745)	11/3/2002 10:09:47 PM
From: SOROS	Read Replies (1) \| Respond to of 89467

I'm loading up on the semi's -- especially AMAT. The PE is only 2 points from going under 1000. Can you believe these idiots are willing to sell their stock to me? We've just been through the most brutal bear market in all of history! Look around at the suffering on a wide scale. This bear market has made the average American much worse off than anyone in the 1930's depression. Those people were wimps. Americans today really know how to suffer. Top eight reasons why gold is a poor investment in the new era: 1. Supply and demand -- There's just too much, and nobody wants it. 2. Buying as a safe haven -- The dollar is king and always will be. Alan Greenspan is now royalty. Gold is too bulky to put in a wallet, and is therefore terribly unsafe to have around. 3. Inflation fears -- There will never be inflation again. The economic growth is completely sustainable through borrowed, easy money. The Japanese people just felt guilty about taking free money. Americans have no guilt anymore about anything. Roll the presses! 4. A dropping dollar -- As above, Greenspan's greenback is solid as a rock and backed by the strength and integrity of the US financial system. Dollar will never drop. 5. Crooks in corporate America -- There are none left. CNBC has proven that all the criminals have been caught at Enron, Tyco, WCOM, Imclone, and Martha Stewart. Honesty prevails completely going forward. CEO's have personally certified this! 6. The Gold market is still tiny -- It is big enough and as large as it will ever get. Very few people even like gold jewelry anymore. Pretty much, only people in India, and they are all poor. 7. There are huge surpluses of gold that need to be sold --- In fact, since gold cannot be destroyed, there will always be an oversupply. 8. People still view gold as "money" -- Poppycock! Gold mining has been around for thousands of years and has been looked at as the ultimate currency during most of that time. However, there are no kings anymore. Rulers of the new era have more than enough trees to cut down. Why would they ever need gold? Especially in America. America is an information-based economy. Mining gold requires manual labor, and no one will work for less than $35 an hour anymore, much less, pick up a shovel. Can you say welfare? I remain, SOROS

To: Jim Willie CB who wrote (8745)	11/3/2002 10:54:56 PM
From: Mannie	Read Replies (2) \| Respond to of 89467

Very interesting, Jimmy. Nice write up. That is a very well connected club you have there. Hope you had a great weekend, it was fabulous out this way. Scott

To: Jim Willie CB who wrote (8745)	11/3/2002 11:48:48 PM
From: 4figureau	Read Replies (1) \| Respond to of 89467

101 Reasons to Stay out of the Market by 4FigureAU November 4, 2002 321gold.com