To: Cage Rattler who wrote (66 ) 10/26/2007 12:42:23 AM From: NYBob1 Read Replies (1) | Respond to of 89 Reasons to Own Gold Investments - 1. It’s super cheap. Gold is cheap, while stocks are expensive. In January of 1980, both the Dow Industrials and the price of gold were at the same level: 800. Now, nearly 27 years later, the Dow is above 13,000, and gold is above $700. 2. Governments will make our money worth less to pay off their record debts. Governments can print money to pay off their debts. But they can’t create gold. The supply of paper money can be infinite. But the supply of gold is extremely limited (they say that the entire gold production in the history of the world could fit on the basketball court at Madison Square Garden). And it’s difficult to extract. 3. Precious metals do well in major international conflicts. The price of gold was fixed during World War I and World War II. But silver, for example, rose by over 100% in both world wars. Gold has risen for the duration of the War on Terrorism. It all comes back to #2, above... governments ultimately print money to pay for wars. 4. Gold should do well in extreme bear markets. Silver more than doubled in value from 1932 to 1936 during the Great Depression (the price of gold was fixed by the government). The next long bear market was 1968-1980. Silver rose from around $2 in 1968 to a peak near $50 in 1980. 5. Gold will rise during inflation... and during deflation. Gold is good inflation protection... gold rises as the value of the dollar falls. But what many people don’t understand is that gold will do even better during deflation, as the government lowers interest rates and wildly prints money (creating inflation) to offset that deflation... leading to substantially higher gold prices. 6. Gold lowers risk in your investment portfolio. In the past, gold has tended to do the opposite of stocks: It skyrocketed in the 1970s, when stocks did horribly. Then in the 1980s and 1990s, when stocks soared, gold lost over half its value. Now, in the new millennium, gold has soared while stocks are still near their year 2000 highs. Holding a portion of your portfolio in gold will smooth out your portfolio fluctuations. Gold is beautiful, rare, and easy to exchange, no matter where you are in the world. Paper money, on the other hand, is just paper. Governments can print as much of it as they like. Real interest rates are close to negative... the smart money has already shifted from cash and into gold. It’s time you did too - In 2002, was how to buy gold for $250 an ounce. Today, that investment has more than doubled... but nobody cared back then. Nobody was asking me about gold. Instead, I probably lost readers for daring to write about it - Now, with gold hovering above $750 per ounce, people are starting to asking me about it - well its fiatz$774.20 buckypeanutz - It’s a small sign, but the fact that people are showing interest for the first time in two decades tells me this bull market is building steam and getting ready to move much higher.... goldcorp.com God Bless