Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: isopatch who wrote (20372)	9/12/2003 9:26:32 PM
From: loantech	Respond to of 39344

U R FOS ROCK ON!

To: isopatch who wrote (20372)	9/12/2003 9:37:53 PM
From: loantech	Respond to of 39344

A GT twin. I do believe GT is MRS. Patch. That is why you r so onery. LOL.

To: isopatch who wrote (20372)	9/12/2003 10:21:56 PM
From: Jane4IceCream	Respond to of 39344

Edit

To: isopatch who wrote (20372)	9/13/2003 9:41:43 AM
From: Tommaso	Respond to of 39344

Yeah. The trouble with gold as an inflation hedge is that improved methods of producing it do continually add to the supply, and once produced, very little of it is consumed. Rabid gold enthusiasts rightly insist that production of fiat currencies has no constraints whatever, while there is at least some limitation on gold production. The question is whether enough people will continue to want to hold gold as a store of value, a money of last resort, to make it possible to use it for that purpose. Compared to other forms of money, such as credit card purchases over the Internet, gold is inconvenient, unwieldy, and risky. Without government guarantees, "electronic gold" payment systems seem open to all sorts of opportunities for fraud. But the beginnings of banking were in fact a fraudulent activity; goldsmiths lent out gold that had been deposited with them that did not really belong to them. So maybe we might have that all over again, with the occasional "runs" and failures and bankruptcies if we have electronic gold transactions. My own suspicion is that it would not be long before governments stepped in and declared any private gold-backed money to be illegal. Other metals can sometimes act as a store of value. Some years ago a fellow showed up at my sister's house and offered to replace all her copper gutters with aluminum and pay her something on top of that. I thought about seeing if I could buy a huge shipment of copper flashing wholesale and store it in my garage. But then if copper prices went rhough the roof, when I was out of town I would worry about a truck backing up in the middle of the night and making off with my hoard. There an episode of "Sanford and Son" from that last inflationary episode where a "handy man" stole all the copper wire and pipes in the house. For the next 2-3 years, if gold does continue its climb, some of the gold mining stocks may continue to appear for a while to be literal money-makers, creating fungible and tangible wealth. Many have already doubled and tripled in the last couple of years. So I will keep on holding Wheaton, Kinross, and the Canadian closed-end fund, Dundee, for a while, but I do not see them as permanent stores of value. As a natural gas consumer for many years, however, I think I understand my dependence on that commodity, so the biggest investment I have is in the Canroys, which also may well be a currency play with an appreciating Canadian dollar.

To: isopatch who wrote (20372)	9/13/2003 12:05:05 PM
From: re3	Respond to of 39344

<<<OT/How ridiculous can you get?!<lol> Back on ignore/eom why are you posting here and why did you post THAT ? the poster you have alledgedly put on ignore (or back on ignore...whatever THAT means) has contributed lots of good ideas in the past, one for example was dow leap poots if i recall correctly...i traded out too quickly, and obviously it'd have been best to sell those last summer during the swoon but nevertheless IMO an excellent suggestion...other ideas i recall he's had include USU and an aussie closed end income fund...maybe these aren't suitable for everyone but worthy of consideration for many.