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

To: Pete Young who wrote (7972)	3/5/1998 7:24:00 AM
From: long-gone	Respond to of 116764

Pete, i have always suspected most on this thread are more interested in gold as an monitor for how the mining stocks will perform, or the futures market.i think many who will be buying coin/bullion will be doing it for a 5-15 year hold - See W. Buffett's actions of late. I can't see any thing big in these new tax codes,as they change every few years anyway.who knows, there may not even be an income tax in a few years. it would not be the first time social engineering was brought about via the tax code. Yes, you may well be reading a little much into the tax code. i myself,hold a very little bullion, when compared to mining stocks. rh

To: Pete Young who wrote (7972)	3/5/1998 8:11:00 AM
From: Bobby Yellin	Respond to of 116764

I for one got into watching gold and into gold stocks as a (don't fall off your chair laughing) "safe haven"..I guess I never heard of the US dollar <; and how valuable paper is anyways..don't think you are reading anything into that..think you hit it..it appears that Rubin and company have done everything possible to make people move into equities and paper..even the Roth IRA..just heard that one of the states..maybe Conn had great tax receipts..really boosted from tax on stock revenues... I find it quite interesting though,again if I remember correctly that Rubin didn't want to sell gold for IMF funding and Rubin didn't want SS money to be put in the market and Rubin said that if you invest..you're responsible for the risk..(I guess he wasn't talking about big financial companies that appear to get bailed out) Again, since I can't find the sources and am only using recollections I might have misquoted him...don't know if anybody else out there had the same impressions or if I am offbase. (Just even the change in other retirement plans which leaves the worker the stock market since interest rates etc have been so low) My "prudence" has really cost me..if one currency fails just move into another..if one derivative fails move into another..if