Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Gold/Mining/Energy : Gold Price Monitor -- Ignore unavailable to you. Want to Upgrade?

To: Bobby Yellin who wrote (3392)	11/22/1997 9:10:00 AM
From: lorne	Read Replies (3) \| Respond to of 116815

Good mornning Bobby Do you think that the dollar could be looked at as any other stock, the more it is diluted the less is its value, if so how can dummping billons into a failing system help us. It seems to me that gold on the other hand has the same value to me as it has always had, and I am sure there are a few more people in the world that think the same way. The mini van for sure is more expensive but is it of any more value now than it was ten years ago, it still ends up in the scrap yard. What is the value of the dollar based on, some bankers good word or some government official,maybe the ecconmy. Just seems that gold is gold and although different dollar values can be placed on it, its real value whatever that is remains the same. Still think Canada may be next on currency hit list.

To: Bobby Yellin who wrote (3392)	11/22/1997 2:19:00 PM
From: Mark Bartlett	Read Replies (1) \| Respond to of 116815

Bobby, <,If the average American now started buying gold shares for their retirement funds...I think we would have a major reversal overnight..>> I agree with your statement - although I would suggest that it could be made more international if you said " the average person" rather than the "average American" .... the internet is a global community <g>. I think that you are saying something else important here too. I still firmly believe the price of gold is being manipulated to keep dollars from going in gold's direction. The gold market is so small, it takes _very little capital inflow to get it moving big time. If just 5% of what is invested in equities today, was switched into gold, it's price would rise dramatically - possibly causing a run out of equities and to some extent into gold. As long as gold is around, there is always that threat. And when it starts seriously compete with the US dollar for the spotlight, there would likely be a run on US treasuries to some degree - how much, who knows - but IMO it would not take that much to set the dominos following. Maybe I am naive - but I do not see a "free market" anymore. I see one that is being internally manipulated, with perhaps good intentions - but with a very uncertain future. All the best, MB

To: Bobby Yellin who wrote (3392)	11/24/1997 9:02:00 PM
From: John Barendrecht	Respond to of 116815

<<I do like your example about the minivan>> Bobby. sold the minivan and invested the proceeds in gold mining shares. You'll be happy to know, my investment is doing no worse than if I'd left my money in the minivan. Down to driving my 77 Pinto. (Owned it since it was new and only has 60,000 original miles on it). Remembered when I was looking for new minivan and one of the salesmen told me that this was a great investment. I asked him how much he thought it would appreciate in one year. When he said it would be worth less when it is a year old, I replied that I was glad he was not my investment councellor if he thought depreciating assets were good investments. But the point is even with this 1 or 2% inflation, lots of things that I use or need are going up more than that. You can't do without water, heat, electricity, etc and lots of other things have increased more than 5% per year over the last 10 years. Others, like electronics and computers come down, keeping the average low. CPI is a basket of goods that is adjusted constantly. (For the gov't benefit?)