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To: Ralph W. who wrote (14022)2/11/1998 6:12:00 PM
From: marcos  Read Replies (1) | Respond to of 18056
 
A mano de Altavista, no la m¡a altavista.digital.com -g- <eom>

No, not eom - I've never been a goldbug, a year ago I had 4% of portfolio in gold, and only because of some ABX I've had forever. Now it's pushing 25%, and is likely to increase. Gold is cheap, and the dollar high, so it seems a good thing to trade dollars for gold. Every fiat currency to date has failed, and failed big. It's just too easy to print.

"For in every country of the world, I believe, the avarice and injustice of princes and sovereign states, abusing the confidence of their subjects, have by degrees diminished the real quantity of metal, which had been originally contained in their coins." .... Adam Smith, 1776

bibliomania.com

Plus ca change .....