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


To: Enigma who wrote (14188)7/7/1998 12:11:00 PM
From: long-gone  Respond to of 116764
 
He suggested that one not view an investment in gold as a "long term investment" but rather as insurance against a market downturn tied to a weaker US dollar.
He further said, that if one were to buy home insurance and your home did not burn, you did not feel shorted. he suggested everyone buy a few percent in miners, or a better gold mutual fund, as insurance.
as I have said, "If gold only picked up 1/2 of 1% of this market..."
rh