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Gold/Mining/Energy : GOLD-XAU -- Ignore unavailable to you. Want to Upgrade?

To: Richnorth who wrote (850)	12/22/1997 11:34:00 PM
From: Don Green	Read Replies (2) \| Respond to of 1756

Imformative reply Thanks Don

To: Richnorth who wrote (850)	12/23/1997 5:31:00 AM
From: Hiram Walker	Respond to of 1756

Rich, I should have come in here earlier. I am not a commodity player,and such do not heavily invest in something with just psychological value. That said,I believe that gold has bottomed,and two possibilities exist. One is that reflation will take hold,and the amount of money being printed in Asia will absolutely soar. I have not seen this in Japan,and actually they were reducing liquidity recently to boost their currency. This seems abolutely bizzarre to me,but then again maybe Japan wants to go into a deflationary tailspin. I believe you are right,as all markets follow a Darwinian system. The strongest will be the first to go up,and last to be slaughtered. Has the announcements by the Swiss and Australians(2 of the strongest proponents on gold),been the last attack on gold? Well there are some larger country deposits on gold,namely the U.S.,France and Germany. Do they have to capitulate? I am not sure,but I don't think so. Anyway,in the 30's gold held its own in deflation. A hard asset is both good in inlfation and deflation by historical standards. But have times changed significantly enough,that the ability to trade in and out of currencies,and other liquid assets,precludes the need to hold such a hard asset? Hiram