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Technology Stocks : Novell (NOVL) dirt cheap, good buy? -- Ignore unavailable to you. Want to Upgrade?

To: ToySoldier who wrote (23604)	8/25/1998 10:42:00 AM
From: Paul Fiondella	Read Replies (1) \| Respond to of 42771

(Off Topic) Gold My gold hedge is against the following hypothetical situation. There was a report prior to the interest rate hike in London earlier this year by a think tank in Washington assessing the true value of currencies based upon money flows. Looking at money flows They found that the US currency was already substantially overvalued. If you look at US 30 year Treasuries they yoyo with each crisis---up when Asian investors flee Asia and down when they cash in their Treasuries to pay their debts. Right now the $$$ is protected due to the need for liquidity. (Take the Russians, they have been selling their gold reserves to get cash, just as the Asians did.) Should the value of the $$$ begin to slide either because of less profitable investment opportunities here, a round of inflation as Alan Greenspan keeps warning about (surely inflation in the services economy is already rampant) then gold moves up as the $$$ moves down. I also think that whereas holding $$$ is attractive when the US economy is booming, it may not be when the balance of trade deficit catches up with the printing presses or demand for Treasuries in a recession. So I look for gold to pick up in these circumstances. I have no idea exactly when and remember I use it as a small part of my portfolio --- enough to add a few % to my MM investments. $285 -$300 certainly looks like a safe range in which to acquire. The usual caution: this is not investment advice but merely the reasoning I use in making my own investments. I may be completely wrong and no one should follow what they read here without checking it out themselves. OTher opinions are valued by me.