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

To: Rarebird who wrote (24993)	8/10/2003 1:20:15 PM
From: im a survivor	Read Replies (1) \| Respond to of 89467

I dont have any gold mining companies as investements, but I did stash away about $15k worth of gold in a safe deposit box. Never hurts to be diversified. What price per oz. do you see gold eventually making it to, over a 5, 10, 20 year period? TIA

To: Rarebird who wrote (24993)	8/10/2003 2:04:54 PM
From: Lizzie Tudor	Read Replies (1) \| Respond to of 89467

no, gold is fine as an investment... but I don't buy the secular bear market theory which I see you believe, which is fine, I just don't buy it. The overall market isn't really of key importance to me either, I only do tech, because I work in the area. I have been through 2 tech fallouts now, a bad one in the 80s (no jobs for Berkeley grads like me) and then another sortof milder one in the early 90s. In terms of magnitude, this one is the worst of the 3 (although andy grove thinks the 80s was worse). It also has the most potential to reemerge with vociferous strength. In the 80s fallout and recovery we had PCs, the re-emergers were Apple and Msft and Intel. We all know that story. People forget that Apple was a blowout, killer investment in the late 80s with the low being 10 or something, and in 97 apple exploded to 100 or so. My vague recollections. Then the 90s had enterprise technology (pre internet I am talking now)- cisco, oracle and that. Now here we are in the depths of this recession and now I can see why I wasn't smart enough to buy Oracle at 6 last time. Its tough determining the new leaders but it looks like google, yahoo, amzn, ebay and some new startup company nets coming along... the network equipment sector kindof a wildcard, I think there has to be something there but can't find it yet. I am trying to get Bill Harmond to help me with this "TV portals" area which is a sort of google for TV business that seems to be emerging. So see, thats how I see the world, to me this is just a cyclical tech shift that I have seen before. As far as overall market climate, in the 80s throughout the latter part of the decade we had a bear market for technology stocks. The overall mkt was a bull but not tech then. Didn't matter if you played the emerging new leaders. Bulls and bears are always the result of the existing companies (msft today) and never the new guys. Of course I would prefer a bull market going forward but I am not counting on it.