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Gold/Mining/Energy : Non Politically Correct Gold and Resource Stock Discussion G -- Ignore unavailable to you. Want to Upgrade?

To: Bearcatbob who wrote (11)	2/21/2005 1:02:03 PM
From: kacy_in_LA	Respond to of 180

Your statement illustrates perfectly why the "gold as money" argument just doesn't appeal to me as an investor or a trader -- it may be intellectually correct, but it is a long-run argument that will play out over a generation or more. Gold has not been money for my adult lifetime, nor do I expect it will be. In the meantime, building wealth requires recognizing where the opportunities are getting hot and taking advantage of them in the short-run. It looks for the moment like PMs are going to be the hot sector, but it will likely bust eventually as it did in the latter 1990s. Perhaps then it will be technology's turn again?