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Strategies & Market Trends : Booms, Busts, and Recoveries -- Ignore unavailable to you. Want to Upgrade?

To: TobagoJack who wrote (26296)	12/19/2002 12:08:55 AM
From: Maurice Winn	Respond to of 74559

Jeez Jay, if gold gets to be a rush in China, it could be the biggest bubble the world has ever seen. I agree there is quite a prospect that that could happen, especially with burgeoning wealth and the desire to protect their very hard-earned savings [despite Mr Ed's idea that money is obtained by Chinese as easily as minimum wage workers and soldiers in the USA]. I agree there is a very good possibility that they will go nuts to protect their earnings. But first they'll buy the things they really want. Right now, the 10Q:Au ratio remains in favour of the Q. $370:$350 - heck, it's rising a dollar a minute as I watch... right now... I think more Chinese will want the magical phragmented photon cyberspace light sabres of cdma2000, which they can wear around their necks as jewelery. Gold just sits there. cdma2000 sings. Mq PS: Did you see that ElM has fled his country to build cdma2000 in Asia? He knows where the real gold mine is these days.

To: TobagoJack who wrote (26296)	12/19/2002 12:19:16 AM
From: Maurice Winn	Respond to of 74559

Yes, I am thinking of getting further out of the way. I am standing clear - safe in my cdma2000 fortress and in my house in far away and safe [more or less] Hobbitland here in Middle Earth. However, I do have a few too many US$ which I have been wondering what the heck to do with [planning on spending it on developing It when the price of the contruction companies has reverted to a reasonable level]. I would now be in profit if I had bought some Johnson Matthey gold bars way back when I went and checked them out. But only by a little [thanks to their excessive spread on the bid and ask]. I am thinking that I will sell some Aztec futures, using my US$ as collateral. Maybe tomorrow if gold is hitting $370, or matching 10Q. Mqurice