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

To: teevee who wrote (12277)	5/28/1998 8:06:00 AM
From: see clearly now	Read Replies (1) \| Respond to of 116836

"You Gold Bugs just don't get it"...Amen!

To: teevee who wrote (12277)	5/28/1998 9:47:00 AM
From: yard_man	Read Replies (2) \| Respond to of 116836

Love it when people are so emphatic. Gold is a commodity. Do the prices of commodities only go down? Are derivatives or selling by central banks going to contain any hike in prices? I like to buy things which people say can never increase in price.

To: teevee who wrote (12277)	5/28/1998 10:21:00 AM
From: Lucretius	Respond to of 116836

You're probably right. I have no idea why I recently started buying gold. I must have been drunk? I'd be buying DELL, KO, KTEL and YHOO here at these prices. Lots of upside and very little downside. Check 'em out. Guaranteed profits (ggg) -Lucretius

To: teevee who wrote (12277)	5/28/1998 11:47:00 AM
From: TD	Respond to of 116836

Well thought out reply, and I have gotten it! Trust me on that holding losers for a long time I have "gotten it" However the other side of the coin is... Your comments are typical of sentiments at the bottom of markets, CB's do exert much control over people's lives and gold does represent the last chance for free money. I like to remember that one troy ounce of gold remains constant anywhere in the universe, it is only the amount of paper required to buy/sell this amount of Au. If paper monies did their job the price would also be constant or very near constant and gold would either not be wanted or you could say it had done it's job by restricting the CB's from printing paper as they saw fit. One last point that does disturb me, that is tunnel vision or being narrow minded, for example ask anyone in Indonesia that held gold through their current currency crisis if they were glad they held gold? Did the Asian CB's control the gold price...NOT! Relative to the local currencies. On your thinking it is very similar to Jim Sinclair's in NY,NY. You may be right, and in a way I really hope you are, because IMO if gold really does take off relative to the dollar(Federal Reserve Note), then it is a good indication CB's have some real problems. However to think that a currency crisis can not happen in the united states ever does not align with history. The Greenback, Confederate money ... In fact in my lifetime we have gone from Silver certificates to American Notes(kennedy shot) to federal reserve notes1, to federal reserve notes2(The BIG pictures) meanwhile gold remains constant to itself. One last point IMO gold is fire insurance, if I own some gold and the financial market go wacky again (1980) just a warmup(imo) then I will protect my family. Just as if my house burns down and I have fire insurance all is not lost. I do not cancel my fire insurance because I did not have a fire last year.