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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum -- Ignore unavailable to you. Want to Upgrade?

To: carranza2 who wrote (20675)	8/1/2007 9:15:39 AM
From: TobagoJack	Read Replies (3) \| Respond to of 217669

i stand ready to buy much more gold i am not the least bit concerned about the current market shake and bake my mind is at peace heart pure a perfect sate of zen watching the market now is like watching a delightful comedy, spliced in with a mystery the end of which we are sure

To: carranza2 who wrote (20675)	8/1/2007 9:17:45 AM
From: Moominoid	Read Replies (1) \| Respond to of 217669

IMO belief in gold, "Austrian Economics" etc. is a belief that the world does not change; that today's economy is essentially the same as that in the late 19th century or early 20th century. But this flies in the face of belief in TEOTWAKI etc. Seems to me there are some contradictions here. It's not true either that the world is totally different today. It evolves slowly and the student of economics needs to keep on top of what has changed and what hasn't.

To: carranza2 who wrote (20675)	8/2/2007 2:53:05 AM
From: 8bits	Respond to of 217669

Given the financial and political risk, why has gold underperformed so badly? A serious question begging a serious answer. I like Slider but he has been wrong about oil (with an exception being the post Kat-Rita spike..something that Don Coxe caught also..) for a while and wrong about base metals also. He had a good call on Palladium. siliconinvestor.com Message 23108721 Sure gold has it's wild eyed followers. For all of Jay's gnashing I think his portfolio is less than 15% of the yellow metal. He has more in Asian real estate and used to hold Canadian royalty trusts for a while. Also he shifts his money around the currency markets. Gold (and precious metals..) should probably be looked upon as insurance. Don't all or even the majority of your portfolio in them.. but perhaps not a bad holding if(when) the $hit hits the fan. Certainly worked for several families I know who paid their way in gold to get out of Vietnam.