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Technology Stocks : Y2K (Year 2000) Stocks: An Investment Discussion -- Ignore unavailable to you. Want to Upgrade?

To: sbic who wrote (12643)	8/8/1998 11:00:00 PM
From: Jeffrey S. Mitchell	Read Replies (1) \| Respond to of 13949

SBIC, I've got a better thread for you to read... techstocks.com - Jeff

To: sbic who wrote (12643)	8/9/1998 3:36:00 AM
From: Kevin Michael	Respond to of 13949

I am a new investor (only 22), so I don't know what to tell you about gold as protection. But yes this year 2000 thing is going to be the biggest crisis that this world as a whole will face together. With already volatile world markets and a year 2000 issue around the corner, I am very scared about my investments. Right now the negatives seem to outweigh the positives going forward. I believe most of your money will be safe in US banks, I have heard that most of the major US banks are prepared for transactions in the year 2000 or will be ready by then. This reality should prevent panic! It is the other industrial countries that I am worried about particularly Japan. Japan is so worried about their economy that I hear they are failing to address the year 2000 issue or don't even consider it a problem. Sure Japan's economy might start to recover by the year 2000, but what happens when its banks break down due to incapable computer systems that can't handle year 2000 transactions. I used to think the year 2000 was nothing but hype until I heard that even Wall Street itself was addressing the year 2000 issue in a very serious way (have been working on the project for quite a while). Will Japan's stock market be able to trade smoothly in the year 2000? Being greedy I guess my main concern was to make money off of the year 2000 through companies with Y2k business (itself not guaranteed to happen). Now I could care a less; I just want to see a prominent figure take charge by urging all countries to deal with the problem before it is too late. Does anyone that follows this year 2000 stuff have any reason to believe that we will see a smooth global transition? These are my beliefs based on the small amount of information that I have read. I hope that in the future I will be able to go back to this post and laugh at myself, but for now I see very little reason to be positive. Based on these beliefs, maybe shorting the market would be a good idea. The question is when would be the ideal time. If people panic, the stock market will collapse after its prosperous years. I don't know; it will be very interesting to see how things unfold. Sorry this is so negative, I hope everything I said turns out to be just the opposite. KM

To: sbic who wrote (12643)	8/9/1998 4:51:00 AM
From: Kevin Michael	Respond to of 13949

You can say that I will be one of the investor's that panics sooner than later. I am taking sides with the The Contrarian's View. fennel.assumption.edu I have heard that there were times when you couldn't even get people to buy stocks. PE ratios were in the single digits across the board. Look where we are at now; prices may be justifiable now (strong economy, low inflation, yada yada), but the current conditions will not last forever!!! Growth has to slow down at some point and the both impact of Asia and the year 2000 problem will affect the bull market at some point in time. Others have been predicting the tripping of the bull, I will agree. The combined forces of Asia and year 2000 uncertainties will have a huge impact on the stock market. Even Greenspan has mentioned the year 2000 problem in some of his addresses, just wait till this issue becomes his biggest concern. Everything that will lead to the decline in the stock market is before us. Again I am new at investing, but see no reason to keep my money in the market with the uncertainties that lie ahead. Comments? KM

To: sbic who wrote (12643)	8/9/1998 10:33:00 AM
From: Jeffrey S. Mitchell	Respond to of 13949

Re: Gold as a hedge to Y2K Went back in my (paper) files and found a link to a good discussion on SI about that on a Gold related thread. Start here: #reply-4149346 On that same thread, also check out post 1337 (by Paul Ross to Lalit Jain) about gold manipulation. - Jeff

To: sbic who wrote (12643)	8/11/1998 10:58:00 AM
From: IngotWeTrust	Read Replies (1) \| Respond to of 13949

ABSOLUTELY NOTHING IS WRONG WITH YOUR ARGUMENT. In case you haven't followed up on Jeff's advice to read Scott's Question to me re: holding/getting your scared and RIGHTLY SO clients into gold... here is my response given earlier to Mr. Ward. Subject: GOLD-XAU To: Scott Ward From: ole 49r Apr 22 1998 4:58PM EST Reply #1448 of 1585 Hi, Scott, let me answer your Qs the best I can. The best way to shift IRA funds to actual bullion is a "tricky one." 1st of all, to the best of my knowledge, you cannot use existing IRA money to buy new gold bullion outright. However, there is specific languaging for use of NEW IRA Contributions to purchase gold bullion. There IS a Fidelity MF that invests only in US bullion coins, or at least there USED TO BE...I remember investigating it when it first came out. Use this desire of yours to shift IRA money as a carrot and see what you can dig up for current info. Your bank should also have the same information. The trick w/the new IRA languaging as I understand it is that the actual purchase has to be an "arms length" purchase, so that you never take possession until liquidation time of course, of said bullion. Then, you will pay taxes of course and early withdrawal penalties, BUT...the increased value of the asset you will be taking delivery of will more than offset those minor irritations, financially speaking. A second way to play bullion is to purchase actual shares of Bank of International Settlements of Basel Switzerland. You'll need a broker w/experience in placing international orders through their internal correspondent relationships w/Merrill Lynch. A few years ago when I investigated THIS option, they were selling for $8,000+ per share. With the current sag in POG, it maybe less. Anyhow, that share purchase is backed up by on of the most EXTENSIVE and well documented gold hoards/reserves of modern history. Don't see why IRA money couldn't be used for this purchase, unless there is some archane preventive languaging regarding purchase of an out of the country stock of which I'm currently unaware. Also, be aware that there will be an interpol investigation into your personal history and the way you conduct business before the receipt for your submitted monies is actually approved and converted into actual share purchases. Otherwise, you will be politely rebuffed/declined and your tied up funds will be returned to you in total. A third way to put existing AND new IRA money to work in bullion is to purchase CEF, which is Central Fund of Canada, run by a respected associate, Ian McAvity. Ian's prospectus requires this fund to be fully backed by actual silver bullion. It trades on the AMEX and is available for you to consider. Now to your second Q--you can see this is going to be a long reply :o) "What is the best way to take delivery of some gold bullion coins and store them in a safety deposit box?" This is a two part answer. The first part is the best deal is found by Shopping around for the best offer. Afterall, gold and silver bullion purchases are just like any OTHER retail purchase...there is a wholesale pricing structure primarily in existance to service other retailers, and a retail pricing structure, more easily found than the wholesale distributors who will sell to individuals. The safety deposit box part shows a certain lack of "options" in your thinking, i.e., your choices of where to store need to be expanded. That is grist for another post. 3rd Q: Choices of physical gold holdings: Coins, Tokens (yes there IS a difference...the ones I'll be personally minting shortly w/be tokens...if you are unsure of the difference between a coin and a token, please ask) Bars Raw material for the Jewellery trade (wire, shot, bars, etc.) Placer, raw, made by God and hidden in stream deposits GOLD...one of my all time rav fav methods, and fabricated jewelry as close to spot minus the fabricated premium. ABOVE ALL...try to conduct your physical gold biz w/people whom you can trust! In other words, start out with a little transaction to test them. This will tell you about pricing, shipping, time delay in between your money arriving there and your gold being delivered to you. Then as your trust grows, so can the size of your transactions. FWIW, I'm on that short list of trusted people, and would like the privilege of submitting a bid, especially if you are interested in holding raw placer gold, which ... as a matter of historically verifiable FACT was not confiscated in the gold call in of 1932! O/49r Private phone number available upon request. Been doing this privately for 17 years in case you are wondering.