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Gold/Mining/Energy : At a bottom now for gold? -- Ignore unavailable to you. Want to Upgrade?

To: John Barendrecht who wrote (865)	11/2/1997 8:58:00 PM
From: rdww	Read Replies (1) \| Respond to of 1911

so if you deal w/ the swiss - any talk from the street what the feeling is towards Gold and the flak that the Swiss may or may not be taking because of their 'future' sales?

To: John Barendrecht who wrote (865)	11/3/1997 1:46:00 AM
From: Eric Freeman	Read Replies (1) \| Respond to of 1911

You were not buying the Swiss Franc for .80 Canadian last week - the range has been apr. .66 - .90 U.S. over the last three years. It is trading up over the last short (.70 - .72 range U.S.)while after being in the low end of its range. It has not been less than .90 Canadian in this time frame. Gold -for what its worth here is my opinion. We are watching a period where paper is once again reigning. Some of it will be on walls in the future I am sure. Now is when gold is becoming very interesting. It is that simple. I note that there is little talk about how gold has done against other currencies. Not looking so bad if you had bought it with many. Also- When all us baby boomer " long term investors" try to cash in at some hypothetical date in the future it will be interesting to then judge the returns at that point. I suspect many will wish they had something solid. But for now, paper is king until it isn't, and then it will be too late. So if we are really looking to the future - think demographics: and one should ask, who exactly is going to be buying paper when we all want to cash in? Where does that leave us? We are all market timers no matter what anyone says, it is just time frames that are in question - If not, I guess we would never cash in. Trouble is, just like we are timing the market up with this bubble of "long term investors" it will come down when they are all in a different period.(Net sellers)Of course each and everyone of us will see that coming?? My feelings - edge into gold slowly over the next years just like they are telling you to do with your mutual funds. Meanwhile let all the banks, governments , etc. sell off there stockpiles. Great by me. At that point they will really be in big trouble, because they will be caught in the same herd. The timing looks fantasic. They should be sold out over the next 20 years if we are lucky. Then when the boomers try and cash in and there is no bid on the paper assets they hold, should make for great retirement plans. Be interesting to see this unfold. I do not think at that point we will be concerned whether we bought gold at $200 or $350. Meanwhile we will all play the paper chase in one form or another - I have made up my mind to put a percent of my profits, over this time frame into gold. That way I will have something whichever way it goes. Seems very practical and logical to me. Any thoughts or similar plans. Eric Freeman