To: r q lad who wrote (11015 ) 4/25/1998 11:14:00 AM From: DebtBomb Read Replies (2) | Respond to of 34592
I agree, the markets look nervous for next week... I think money will continue to rotate into the internets and golds. The internet is the biggest business growth expansion in US history and no matter what the "middle muddle", (CNBC and the likes), say, some undiscovered and undervalued internets are still a good investment. Here's my 2 cents on what to do with some profits: Put it in gold stocks, specifically DROOY. Many people still don't believe gold is a good investment, but they will as gold moves up. The "middle muddle" has claimed that gold is a good hedge against inflation, but not as much as it used to be due to other inflation hedge instruments. We currently have some deflation and people just don't understand why gold will move up. What they don't understand is, one by one the currencies of the world are falling. Some experts are saying that precious metals will skyrocket as all currencies come under attack, even the US dollar. Some can't understand why Buffet bought all of that silver, but they will see in the near future. Everything is pointing towards gold going up. The EMU will soon announce how much gold they're going to hold in the central banks for the launch of the Eurodollar in Jan. 99. Some have predicted they will back the Euro with as much as 30% gold. Additionally, central banks have stopped selling gold. Soon, people will realize that the only safe currency is in hard form, gold. Other currencies are nothing more than a printed piece of paper, and governments just keep printing more and more. I got into DROOY in the low 2's. DROOY is an ADR (American Depository Receipt). It's a So. African major that has been in business for a long time. They pay a nice dividend and when gold hits 400, I think DROOY will be 10-15 or more. DROOY IR number is international: Maryna Eloff (2711) 482-4968 Just my opinion. Do your DD. Can you believe I had MDIX a month or so ago at 9/32 and lost patience with it, and sold it at 3/8. Now I had to buy it back at 19/32. There are many rumors on MDIX, like ADRX will make a settlement payment or ADRX will just buy them out. Good luck to all.