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Strategies & Market Trends : Asia Forum -- Ignore unavailable to you. Want to Upgrade?

To: Goldbug Guru who wrote (5057)	7/5/1998 11:02:00 PM
From: Dayuhan	Read Replies (1) \| Respond to of 9980

Goldbug Guru, On the day that IBM becomes history, as you predict, what will your gold holdings be worth? Remember, this is a substance with no intrinsic value at all. If you really expect Armageddon, don't stockpile gold. Build a bombshelter and stockpile food and ammunition. Yes, I think much of the market is overvalued - with numerous exceptions. I expect there will be a substantial tumble. I'm moving some high-priced holdings into cash, and when the tumble comes, I'll buy. The US market has never lost money over a 20-year period. It will come back up, barring total collapse - and in that event nothing, including gold and money in the bank, will be worth a thing. Steve