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

To: Heretic who wrote (4167)	12/12/1997 4:21:00 AM
From: Alex	Read Replies (1) \| Respond to of 116856

Thanks for the link Reed. ........... A Well-Reasoned Analysis of Gold Freemarket Gold & Money Report, James Turk, November 24, 1997 A worthwhile article appeared in The Times of London on November 20th penned by Lord Rees-Mogg. The tone of the article is set by its first sentence: "In the past fifteen years an interest in gold has not been a good way to make money, but it has been a good way to think about money." Just reading that first sentence I knew that his article would be a good one. No appeals to emotion or fear here -- just reason. After quoting Alan Greenspan -- in the absence of the gold standard, there is no way to protect saving from confiscation through inflation -- Lord Rees-Mogg sets about analyzing the historical purchasing power of gold. He notes: "The recent fall in the gold price has taken gold back through an interesting landmark. The purchasing power of an ounce of the metal is below where it was before Britain went off the gold standard in 1931." But this fact is not a cause of concern; rather, it is an opportunity. Citing the work of Professor Roy Jastram, Lord Rees-Mogg discusses the "centuries old pattern" that the purchasing power of gold fluctuates but is always "drawn back" toward the mean. He goes on to show how gold "is at present on the cheap side of its historic valuation", and cites the cost to purchase farmland in Britain as an example. He then notes that in recent years: "No investment fashion has been so thoroughly exploded as gold; most people think that there will no more be another gold boom than there will be another boom in tulip futures in the Netherlands." But he cautions prudently not to accept this conventional wisdom on blind faith. "One cannot be so sure about the future of the mysterious metal...It has certainly outperformed paper currencies" since 1600.

To: Heretic who wrote (4167)	6/28/2000 8:54:00 AM
From: long-gone	Respond to of 116856

-------------------------------------------------------------------------------- Talking Stock: Golden geese to sitting ducks By Philip Coggan Published: June 26 2000 12:39GMT \| Last Updated: June 26 2000 12:53GMT Two bad bits of internet stock news over the same weekend have indicated how much attitudes have changed in the sector. The credit report from Lehman on Amazon.com told the markets little they did not already know. Amazon is losing a lot of money and if it carries on doing so, it will eventually run out of cash. The company differs from the Lehman analyst about when this will happen if current trends persist - and of course, does not expect the current trend to persist. (cont) markets.ft.com