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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory -- Ignore unavailable to you. Want to Upgrade?


To: Tommaso who wrote (62612)6/3/2006 2:37:03 PM
From: RJA_  Read Replies (1) | Respond to of 110194
 
>>Suppose that by the end of 2007, gold is trading at $1,500 an ounce.

>>What would you be doing with your gold?

Uh, being glad I owned it???

At some point if general stock market crashes, and co's forced to pay real dividends to keep stock value up, stock may become a good buy again, such as Canadian Oil Income Trusts or COS_TU...



To: Tommaso who wrote (62612)6/3/2006 6:33:37 PM
From: Claude Cormier  Read Replies (1) | Respond to of 110194
 
-Suppose that by the end of 2007, gold is trading at $1,500 an ounce. - What would you be doing with your gold?

Hold..

This is my insurance against the long term destruction of fiat currencies. I think gold deserves to be at the bottom of a wealth pyramid. Anyway $1500 is below where I think gold is going in USD. If gold really gets overvalued relative to the $C which is the currency I use daily.. then I may exchange some into fiat or pay bills with it. For now the metal is still way undervalued.

For profits and capital gains.. I use gold & silver stocks.



To: Tommaso who wrote (62612)6/3/2006 9:17:21 PM
From: sea_biscuit  Respond to of 110194
 
It depends. If the Dow is at 7000 or lower, then maybe I will sell some gold to buy stocks. But if the Dow is 10,000 or higher, I will buy more gold.