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

To: Casey who wrote (8314)	3/13/1998 10:46:00 PM
From: TD	Read Replies (2) \| Respond to of 116786

As gold investors we worry whether people are prepared for an economic downturn of a seriousness few consider today. Beware of what could happen if your broker closed, at least temporarily. The failure of Peregrine in Hong Kong left many who had bought put options as their hedges with no one to collect from. This is why gold is the money of last resort, because it is the money of last resort. If you own actual gold it is free of bankers, brokers, loans, paper promises of any kind. Gold represents the ultimate freedom in a way, it is the same anywhere in the universe, and spendable anywhere in the world. If you carry fire insurance and don't collect on it are you upset? Perhaps gold can be looked at in the same way, ?

To: Casey who wrote (8314)	3/14/1998 7:49:00 AM
From: Gabriela Neri	Respond to of 116786

Gold will respond to inflation , when , not if, it re-emerges, and to the dollar puking which will eventually occurr as the selloff of dollar based investments by japan and others takes place. I would suggest to you that a declining S&P will bring with it a drastically different mentality towards foreign holdings of dollar based assets, and this will be the beginning of a massive reversal in money flows. If you dont think that gold will be effected by a change in psychology towards the US dollar, then we are in big disagreement. EMU convergence will also effect the thinking of investors towards gold in some way. The stock market, dollar, and bond prices will not eternally go up and gold will not eternally go down. In case you forgot, things do change. We live in a dynamic world. Politicians and policies will change and things will happen to make what is now much different in the future.