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Gold/Mining/Energy : GOLD-XAU -- Ignore unavailable to you. Want to Upgrade?

To: ahhaha who wrote (1439)	4/22/1998 8:26:00 AM
From: Superhawk	Read Replies (2) \| Respond to of 1756

Your erudite response to my question about buying gold bullion/coins is deeply appreciated. Information like yours is worth its weight in, well, gold. You postulated that the only bona fide reason to buy and hold gold physically would be under the most dire circumstances -- when it would be of infinite, thus worthless, value. You argued that, if gold must be a part of a portfolio, it should be in the form of gold stocks. If, however, a deep global recession ensues at the turn of the century because of the Y2K millennium computer "bug", how should one be positioned? If a rising stock-market tide floats all boats, a falling tide will drop them, including stocks of gold-mining companies. In this case, many argue gold is the only sensible bridge to the new century. One respected author/commentator, Tony Keyes, said he will cash in his IRA's and take the penalty because of his conviction that the Y2K problem is so severe: y2ktimebomb.com The chief economist for Deutsche Morgan Grenfell, Dr. Ed Yardeni, envisions a 60% probability of a global recession due to Y2K: yardeni.com Under such unique circumstances, do you believe holding a portion of one's assets in gold physically is a prudent thing to do? If so, how should I buy it? Thanks again for your excellent, thought-provoking response.

To: ahhaha who wrote (1439)	4/23/1998 9:25:00 AM
From: Dwight Taylor	Read Replies (2) \| Respond to of 1756

<<The longer the authorities delay raising rates, the higher gold will go. >> Why is this?

To: ahhaha who wrote (1439)	4/26/1998 12:54:00 PM
From: IVAN1	Read Replies (2) \| Respond to of 1756

Linkage between gold stocks and the market Ahhaha, enjoyed your post very much! I am a newbie to gold (but an oldbie to Y2k and am trying to cover my ass-ets.) What about the coupling between the general market and gold? If the market corrects for whatever reason, do ABX, NEM, and HM go down in lock step. I am only interested in gold as a Y2k hedge. Do gold stocks still make sense as the way to go? And what about mutual funds. If you had to suggest one or two, which would you pick? Any advice from anyone on the thread would be much appreciated!! Many thanks in advance! Ivan1