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Politics : Gold and Silver Stocks and Related Commentary -- Ignore unavailable to you. Want to Upgrade?

To: loantech who wrote (14399)	6/18/2005 11:00:19 AM
From: Wade	Read Replies (1) \| Respond to of 18308

Interview with Ferdinand Lips news.goldseek.com silberinfo: What do you think about the „ticking timebomb derivatives market” which positions already grow exponentially? In the long term rather a risk or a chance for the gold market? F. Lips: Both – but ultimately a chance. Those investors, who have invested in „paper gold“ will lose their money with high probability when the bomb detonates. It is possible that the gold price makes a short diver as well, because in panic everything is being sold. This phenomenon could be observed as well on the Black Monday 1987. Admittedly, the gold price then recovered far stronger than the popular stock markets. Whereas at the LTCM debacle the gold price immediately made a big jump to the upside. I am convinced that this time will be different. I believe that gold will already rise gradually in the forefront of a big financial collapse and then explode to the upside. I justify my perception with the fact that we live in a time today where the broad public begins to see slowly but surely. The trust in our paper money system is shrinking virtually daily. Gold is the only currency on which no debts are linked to. I wish that one day we all will live with a new and healthy currency system in which gold again is anchored as a solid fundament.