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: Bucky Katt who wrote (3527)	11/24/1997 10:44:00 PM
From: PaulM	Read Replies (1) \| Respond to of 116805

WJ - I think you may be underestimating the demand for AU that's already there. More and more convinced that without CB manipulation and propaganda the price would be much higher. Today was another critical juncture. For the first time, there were rumblings--albeit small--that the mark might be a better place for capital than the dollar because of the effect of Japan on the US economy. Given the size of gold market, even a little rubling will mean alot. And again, just at the right time, we get a statement, this time from Bank of England Governor that Gold as an asset "is now seen as the bottom of the pile." Does this make any sense to you?? Would it make any sense if the governor said something "pork bellies, naa not pork bellies. Pork bellies are currntly seen as the bottom of the barrel." Even if you don't believe gold is money, its still an asset. It still has many industrial uses. Its still durable. Its still pretty, amd shiny and rare. I was under the impression that such assets are alternately overvalued and undervalued. Apparently, gold will now be viewed as the "bottom fo the pile" forever. So no need keeping any. Give me a break.