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Gold/Mining/Energy : Precious and Base Metal Investing -- Ignore unavailable to you. Want to Upgrade?

To: Condor who wrote (6659)	1/8/2003 9:07:30 AM
From: Claude Cormier	Read Replies (1) \| Respond to of 39344

C, <The private mortgages, bonds, GIC's, equities and cash I hold are denominated in paper currencies.> Looks like you do not believe that bonds are currently topping and that equities have much further down to go. This is where is the big risk. Your best insurance would be to eliminate the risk.

To: Condor who wrote (6659)	1/8/2003 9:34:06 AM
From: tyc:>	Read Replies (4) \| Respond to of 39344

To be contentious ! (not original ideas!) Your ideas are most interesting, I find it a fascinating subject. People say the American dollar is "unbacked", a mere fiat currency. But surely the strength of the US fiat is its industrial capacity, its GDP potential. You say that your equities are denominated in in paper currencies. Yes ! but measured in terms of that industrial capacity (proxy = S&P500), it is CASH that is overvalued and therefore most risky ! My "gold" is the S&P 500 !