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Gold/Mining/Energy : Caussa Capital (formerly Antares) T.CAU -- Ignore unavailable to you. Want to Upgrade?


To: Gene Veinotte who wrote (1780)12/9/1997 10:38:00 PM
From: cruncher  Read Replies (1) | Respond to of 4718
 
Gene: The US. finnally has a surplus trying to reduce debt.

When a country is finnally making money after so many years in debt would you not pay down your debt as well.

These other countries buying US bonds finnaly got in at this level when the Japanese started buying five years ago. In your opinion who has been the better market timer. The other countries took this long to get out of gold and yet evidense of more good market timing.

If I have to pick between who has the better maket timer, I would have to go along with the Japanese. I am now waiting for evidense of them doing what they said they might do.

regards

cruncher



To: Gene Veinotte who wrote (1780)12/9/1997 10:44:00 PM
From: Terence Mitchell  Read Replies (1) | Respond to of 4718
 
Hello Gene,

If history has anything to do with it, there are two things you can bet on (forgeting death and taxes), Religion and the value of gold. By the way I am not a raving or practicing religious person but if you view, lets say communism versus christianity, the latter way out survives the former, similarly when it comes to the price of gold, history has already established it's value, there are those out there that would have you believe that they could reverse the historical value of gold. (I include Governments, speculators etc)

Perhaps temporarily, but long term "HORSEHIT"

regards, Terence Mitchell