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To: Win-Lose-Draw who wrote (222175)	2/18/2003 1:52:36 PM
From: Box-By-The-Riviera™	Respond to of 436258

you left out one part. gold bugs assume there will be a recovery.

To: Win-Lose-Draw who wrote (222175)	2/18/2003 1:53:56 PM
From: yard_man	Read Replies (1) \| Respond to of 436258

>>seem to think the world really is coming to an end.<< I guess that's the true bug ... I am not a true bug. I view the metal as simply a put on the confidence in economic policymakers -- esp Fed. Say what you want, but confidence still remains VERY, VERY high. Ask the man on the street if he thinks that the economy is about to turn around --after Iraq gets resolved and most of them believe the carp that is spewed from their TVs. A loss of confidence in these jokers by the majority will change a lot of things. There's nothing special about gold, except that it has been used as money for 1000s of years. As the price of consumables goes up, so will gold -- it's not that gold is anything -- it's more that paper promises are going to be less in vogue -- It is the flow of funds 'at the margin' -- even as it becomes evident that the Fed is powerless to stop the deepeing of the slump -- funds at the margin will flow to gold, unless some legal steps are taken to prevent it. Call it a barometer -- call it non-money -- call it anything you want <ng>

To: Win-Lose-Draw who wrote (222175)	2/18/2003 8:39:05 PM
From: Bill/WA	Read Replies (1) \| Respond to of 436258

WLD, not one of those who seem to think the world really is coming to an end. however warehousing antibiotics and cigarettes i understand. Well, I agree with you there, but if I need some coffee & the coffee guy doesn't want my cig's or antibiotics but wants some beef but the beef guy doesn't want coffee however he wants some cig's. I don't want any beef but the beef guy has a little gold coin. I accept the coin for the cig's. The coffee guy accepts the coin for some coffee. budda-bing! Why would anyone accept that little gold coin...well, for the last couple of 'K' years, people have realized that anything that is non-reproductible and in limited supply can be used as a universal medium of exchange. At least I'm hoping the border guards do.<G>