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Gold/Mining/Energy : Blue Chip Gold Stocks HM, NEM, ASA, ABX, PDG -- Ignore unavailable to you. Want to Upgrade?


To: loantech who wrote (19845)6/20/2010 11:15:25 PM
From: TheSlowLane  Read Replies (1) | Respond to of 48092
 
Coxe, waxing poetic...

Gold is the recently-awakened Sleeping Beauty, who always was beautiful but
was overlooked. She is ready to take the throne among stores of value that
was long occupied by sovereign credits.

The handsomest courtier in her realm wears the crest of a long-necked water
bird.


...and...

We believe gold should be a significant component in most high net worth
wealth preservation programs, and in most endowment and pension funds.

For the first time since 1980, Germans and other Europeans with long
memories are pouring into gold dealerships to exchange euros for coins
and small gold bars. Germans have watched as twice in the past century
their currency was utterly destroyed. They were strong-armed into believing
Ludwig Erhard that their nation could have a currency that was as good as
gold, and that revived faith was the underpinning of the German Miracle.

That faith is now eroding, and individual savers are protecting themselves.
Long-suppressed atavistic attitudes that suddenly coalesce into fear-driven
behavior can have momentous consequences.