Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : Waiting for the big Kahuna -- Ignore unavailable to you. Want to Upgrade?

To: Mike M2 who wrote (14340)	2/24/1998 12:42:00 PM
From: James F. Hopkins	Read Replies (3) \| Respond to of 94695

William; Don't look at Gold in a historic sense..every thing is changing to fast. GE and a plant in Russia found they can make "real" diamonds some time ago. They are small but flawless. Several things going about "making gold" at a fraction of what it cost to mine it. Don't laugh till you look around good. We have in the last 20 years made advances in science that exceed all the advances ever made by science prior to that, and the rate is increasing. Remember Cloning was just fiction not long ago. -------------------- Some major Governments have sold gold over the last year, a lot of it. If the break through I've been hearing about does happen Gold prices will drop like a rock. I'm not going to get into it, but you need to look around. What won't be cheaper to make is the stuff that's already cheap ie copper , lime stone etc. The high priced raw metals are all under intensive research for ways to duplicate them, and or find substitutes. Even air planes are moving into using composites that in most ways are lighter and stronger than metal. I think in 20 years most large power companies are going to be only in big cities. There are ways to produce electricity that is already used in some space craft that has a lot of potential if it goes commercial to power cars ect. Much of it is under wraps and classified right now, for how long they can keep it that way I don't know. --------------------- We take micro wave ovens for granted right now, I was privileged to see one in action and demonstrated by GE in 1956 The cooked us a meal in it, steaks and all. No body could afford one back then, as the one they showed us would have cost more than a home look at them now. What would happen if we found out we could make real gold, at just above the cost price of today's copper ? ------------------------------ Any one buying gold as a hedge could be in for a brutal surprise. If one thinks this market is going to crash, the best hedge is to pay off all your dept. A big crash takes out people living on credit first. Buy some real estate in a low tax area that you can look at. The one person I know personally that has done better than any one in the market percentage wise, bought some worthless land ( marsh land ) not far from Galveston and Houston. He built a dyke around it and got permits to use it as a land fill. Last year NY city was shipping by barge their garbage to dump there. The garbage business is the most profitale going, however by the time one gets into the stock market most of that is priced into the stock, on top of that in a lot of areas the garbage business is controled by orginized crime, so I don't hype it as a wise stock play. Jim