To: butkus who wrote (16719 ) 8/28/1998 5:13:00 AM From: IngotWeTrust Read Replies (4) | Respond to of 116816
E sez: Why don't people buy gold in these times? Seems to be the story (non-story) of our time? E Who sez they AREN'T, E? I believe there are LEGIONS buying gold like there is no tomorrow. What is the standard you and others are measuring peoples' accumulation of gold by? By some fluctuation in price? By gold availability? By some government reported statistic? By some annual shareholder report? How many people in numbers does it take to convince you that "people ARE buying gold in these times?" Do you need to see News at 6 soundbytes showing all kinds of American's without Arabic/Native American/Italian/Polish/German/Japanese/Hindu /Jewish/Afrikaner/Spanish/ or AmeriAsian characteristics with their hands out overflowing w/coins/rings/jewelery/bars/golddust before you believe? Just HOW ARE YOU going to measure how many people are buying gold? By how many own gold scales? By how many people that can spell "gram" or dwt? Carry around calculators? Own Chemical Test Kits? Use Touchstones? I daresay as a purveyor of these fine gold tools as well as an instructor in their everyday usage, I'm in a better position to assure you that gold buying is being done by people far in excess of what you obviously are attributing!!!!!!!!!!!worldaccessnet.com Just how do you and others on this board measure "people buying" gold? I dare say, not only has Butkus observed a paradigm shift, but to get TO the answer to your question, Enigma, you and others are going to have to look beyond American Mutual Funds/Hedge Funds/and US $ denominated derivative contracts to get to your answer! Germans are buying gold. French are buying gold. Italians are buying gold. Americans are buying gold. Japanese are buying gold. Indians are buying gold. Argentinians are buying gold. Chinese are buying gold. Polish are buying gold. Hell, even Russian's just bought s'more gold for their central banks! Someone is buying Canada's Gold, ......Barrick's gold, ......Placer Dome's gold, ......Belgium's goldANOTHER even he's converting to gold... Ahhhhhh....THERE's the answer, now isn't it!!! It is always "another" that is buying gold! The Answer to your rhetorical question should not be one based on timing or American Denomination of Value of Gold.... but one that has to be personally answered:"It is the 11th hour: Do you know where YOUR GOLD IS? "