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

To: Broken_Clock who wrote (7261)	2/4/1998 10:55:00 PM
From: philv	Respond to of 116756

dlucas: Yes, I agree...but we are not at that point now. We have all been waiting for the event which will trigger your scenario, a flight to safety, a flight to gold. It has become apparent to all of us that a major event must occur before gold will appreciate. You must admit, given all the recent events, gold should be $500./oz. or more right now. But it is not because the average folk don't see any reason to own gold. For them, money and gold is not related. And the government and its institutions are strong. Only when the economic system is severely tested, or when a physical shortage occurs will gold begin to shine. Yes, a major stock market correction or drop in the $US could trigger such an event. But what would cause the aforementioned? Those in charge of the strings have kept this puppet nimbly dancing for a very long time. I do subscribe to the theory that every dog has his day, and to that extent, I hold my optimism, but keep wondering when that day arrives. Phil