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 : FSCNY -- Ignore unavailable to you. Want to Upgrade?

To: bobby beara who wrote (29)	12/4/1997 11:20:00 PM
From: Bilow	Read Replies (2) \| Respond to of 52

I still feel more comfortable about FSCNY than anything else I've got long. I'm a lousy trader, but pretty good at seeing obvious fundamentals, and I believe that gold is near a bottom that will herald a secular bull. If you want to think of gold as a currency, don't compare it to the US dollar. Compare it to the currencies of the people who use gold as money. Look at the price of gold in Baht or Ringit. Gold looks a lot better. The only reason we've been hammered with gold prices in the US is cause of the flight to quality. As soon as the fed starts burning the midnight oil on the presses, and if our unemployment rate rises they will, gold will return, depression or no. Unless gold really isn't money anymore. But that would be a hell of a turn to call. Who am I to suggest that suddenly after 5000 years, the yellow metal is no longer negotiable? I don't think so. -- Carl