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


To: Eakole who wrote (877)11/4/1997 11:59:00 AM
From: John Stokes  Read Replies (1) | Respond to of 1911
 
Following your train of thought here ; would it not be a means by
which a country could put more paper into play for the needs of its
population and vice-versa a country with an overflow of paper would
purchase gold for safe keeping of wealth, ie stealing a 50 ton block
of gold, storage, undeterred by elements ie. water damage fire etc.
I need to understand on what basis new money is allowed to be
printed by countries. I totally agree with your analysis of the lie
as the inherent value of the metal does not change and is not
equalled or replacable by any synthetic structure in a manner
preservable. The euphoria attached to the metal would however result
in a permanent incline if there were no means to contain same. Without
the application of the theory of opposites there is no gain or true
value. Theory Buy low Sell high!



To: Eakole who wrote (877)11/4/1997 11:47:00 PM
From: RonS  Respond to of 1911
 
Gold has been used as a form of currency for over 6,000 years, however
there has never been a paper currency that has lasted for more
than 100 years. At a minimum, I view gold as a form of wealth
insurance. Owning low cost gold producers and rare gold coins are
potential ways to make money even with the POG at its 12-year low.

Regards
RonS