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

To: Amelia Carhartt who wrote (41245)	10/13/2008 8:31:00 AM
From: Haim R. Branisteanu	Respond to of 219110

Viability of gold holdings as an investment is again disappointing - Crude oil is up 4% to 5% and Gold futures are down - high yielding currencies are up much more – it seems to me that gold prices are only boosted by gold bugs and others that still hold on to the old order. Too many forget that the main consumption of gold those days are in the jewelry business and some in high tech industry, which is not performing well during recessions. Many owners of jewelry who hit hard times may sell their holding to make ends meet. This may explain the weak performance of gold