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Gold/Mining/Energy : Barrick Gold (ABX) -- Ignore unavailable to you. Want to Upgrade?

To: ahhaha who wrote (597)	4/22/1998 2:24:00 PM
From: Ross	Read Replies (2) \| Respond to of 3558

Ahhaha.. Your scenario's are somewhat apocalyptic for my blood.. I personally do not believe we "need" a dose of inflation so we can re-learn what it is all about.. I'm just old enough to remember the inflationary times of the 70's and personally that was a freak event.. And almost everyone, well not every- one, has been predicting another round of it again.. I do agree that many things run in 20 year cycles.. But to invest based on this is risky.. Hey, what if it takes 30 years this time..!. Or misses a cycle and it goes to 40 years.. And I assume your interest in gold is because of you believe inflation is just around the corner? Part of my negative outlook for gold is akin to my outlook on most commodities. We have become so efficient at producing them that the cycles between highs and lows can be much shorter.. And were greedy!! look at how the Saudis and similar nations lie and cheat only to suffer from lower oil prices. Really dumb. But human nature! I will really anger some but I think gold and gold stocks are a lousy investment.. It is a trade. I would not stock pile grain or zinc or oil. I would buy and sell it. It just is not a growth industry. It costs money to just hold these items.. And if your off on a 20 year cycle.. Ouch!!! Gosh, even Jim Rodgers (investment biker fellow) sees the problems with gold and he has been an inflation advocate for years... If I want to make money I go out and start a great business and make it grow.. I do agree the market is overbought. But it can correct substantially before it is, in my book, considered a crash.. Just my two cents worth. You seem very intelegent.. Much more so that I, so forgive my ignorance but just had to comment.. Buy SEEK.. There is a growth industry!!! <G> Ross