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

To: Bucky Katt who wrote (8160)	3/9/1998 8:42:00 AM
From: Bobby Yellin	Read Replies (2) \| Respond to of 116912

just saw this one Message 3646574 right..since people are using gold as a proxy for inflation instead of a safe haven for all the currency meltdowns..can you imagine how many more countries are going to get into trouble with the low energy prices..(natural gas seems stronger) also heard that there are double the cars out there in US than in the sixties..but maybe they run on "something else"..it is just the parking places that are in short supply.. sort of reminds me of AOL's stock reaction when it announced it was raising prices...11 million or so people will pay higher prices a month(that of course isn't included in inflation indicators)and people owning paper did extremely well... who posted the article saying actually how much a crude barrel costs when you factor in all the military intervention and possible bailouts..the bottom line is who pays for all those hidden costs? Who really benefits in the end and who suffers in the end? Doesn't pay to think :> (anybody experience this one..friend called me when my line was busy and phone company cut in and said if you pay so much since the line is busy..we will call you back when line is free or something like that..another time my answering machine was off and phone company cut in and said for 75 cents or something like that we will relay the message...just mentioning that one to show all the temptations and the grabbing at money..etc..."impulse shopping anyone?) (another aside..just wrote email to Microsoft saying they should have a contest between their explorer and netscape to see which performs better..certain nothing will come of it..but I tried)

To: Bucky Katt who wrote (8160)	3/9/1998 11:16:00 AM
From: Enigma	Read Replies (1) \| Respond to of 116912

Gold is dead (con't). Reminds me of the cry 'Painting is Dead" heard every 10 years or so in the art world! Not so! Not So! Let's look at another angle - that of markets as a discounting mechanism. Hasn't gold, in its present slump discounted all of these price decreases in oil, etc. Won't governments respond with reflation? Also you can't have it both ways - in the last deflation, in the 30s US citizens were forbidden to own gold - so gold stocks were the place to be - they soared in value. In uncertain times the metal may be the place to be this time. Or the stocks or both. Which do you think has the potential to go down more over the next year or two - the Dow or gold? In percentage terms? In the Depression, investments that didn't actually do down in value were golden (excuse the pun). History doesn't repeat itself exactly, but contrarians should be looking for surprises and be sceptical about conventional wisdom. 60 years is too long for most of the present players, but a little looking back wouldn't hurt.