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Gold/Mining/Energy : Gold's Six Month Base Near Completion -- Ignore unavailable to you. Want to Upgrade?

To: Papa Frank who wrote (91)	8/24/1998 3:18:00 PM
From: Giraffe	Respond to of 94

>>unknown equation and that's what bothers me the most. Based on these feelings I have decided , in the near future, to liquidate my stock positions and put everything in to gold/silver. << I'm not getting too worked up over Y2K. As you say its an unknown equation. I remember about five or six years ago there was a lot of hysteria about the 'Michaelangelo Virus'. On a certain day in March every computer was going to die a painful death. A few people got hit but it was basically a nonevent. Having said that I think there are other good reasons to be in precious metals. But its still risky.

To: Papa Frank who wrote (91)	8/29/1998 12:15:00 AM
From: Yorikke	Respond to of 94

A bit of an over reaction really. Yes there will be problems with the Y2K changeover. But the problem is being worked out rather rapidly in many cases. And in others it doesn't really matter. A recent example: Foxpro programmers, a source of a hell of a lot of specialized business code have been dealing with the issue for 24 months. The latest version of Visual Fox deals with the Y2K problem in the code. Old code can now use a library to deal with the issue. The cost is really not that high. In some cases it just doesn't matter. I have customers using code that is not that date sensitive. They can either use a library or just keep going. They don't care. It will not effect their business operation given the extent of the program. I read an 'example'recently of a person entering a post 2000 date date and bringing the system to a halt, 'a major crash of the system'. Now what kind of 'BS' is this? Have you ever entered a wrong date? If you used a system every day for years don't you think you might enter a date >2000 by accident? Don't you think the programmer or the base system would trap for wrong dates? I believe they would. So bringing systems to their knees is a bit overblown. This is not to say that near the 2K event horizon we will not have real problems. I plan to have cash, plan to have some extra food and water. I plan to plan on being at home and not traveling. But I don't see the world coming to and end. I just see a great chance to take people who think like you for a long ride down fear street. And the fare is gonna make me rich! Putting you money in gold at this time has not proved to much of smart move. You would have been better in bonds or cash. You have 15 months till 'melt down'. If gold hits 220 you are going to wonder at the necessity of being afraid of Y2K. The disaster will have already hit you in the pocket. Take the Y2K event seriously, Plan to be prepared; but watch out for the doom sayers. I think they are largely overstating the problem. Some because they are of the paranoid variety who fear any major event ,some who just want to see the whole thing come to an end because they have made the wrong decisions over time and hope a catastrophe will make em rich, or at least even again. And finally some who just see a great opportunity to make a lot of money; much of which will be honestly made making the necessary changes to avoid 'Armegeddon'. Stay scared. Insure yourself with software upgrades...invest in software firms. regards, mnmuench

To: Papa Frank who wrote (91)	8/31/1998 2:18:00 AM
From: Lucky Lady	Respond to of 94

Papa, I am not giving investment advice...but...in my humble opinion, the stock market is in trouble and will continue to collapse as a whole (interum ups and downs). Individual stocks may do well. Gold should at least retain value even if it doesn't go up! The US has to devalue it's currency to be competitive with the world's currencies which are devaluing one by one. Then Y2K HITS! Ours might become a barter economy...tough times ahead. (When the USSR COLAPSED--vodka and cigarettes became the currency!) You can't eat gold! The right decision is difficult. Better face these times on our knees! LL