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Technology Stocks : Discuss Year 2000 Issues -- Ignore unavailable to you. Want to Upgrade?

To: ForYourEyesOnly who wrote (1446)	4/13/1998 8:43:00 AM
From: Caroline	Respond to of 9818

No stocks. Even precious metals stocks. Here's why. The stock markets depend on electronic routing of currency, information and assets. If any of that breaks down, the gold stocks could have more intrinsic value, but they'd have fewer buyers. The market would be thoroughly inefficient. Even if our markets survive the crash, would the Federal Reserve? Or any other country's federal bank? It takes governments to move money. Used to be -- I guess there still is -- some customs checking of money coming into the USA in amounts greater than some limit. Suppose that system breaks down? The USA might survive (though I'm questioning that), but if our trading partners don't survive, we go bye-bye too. So I don't believe in the stock market, no matter how good of a y2k fix they do. CB