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Non-Tech : Invest / LTD -- Ignore unavailable to you. Want to Upgrade?

To: Lucretius who wrote (2421)9/2/1998 1:53:00 PM
From: Merritt  Read Replies (1) | Respond to of 14427
 
LT:

While the gold stocks did superbly after the bear market of '72-'74, there were different forces at work in the market then, than at present...so far, anyway. (I'm not looking into the future to try to guess what will happen with the Euro, oil prices, Japanese money repatriations, etc.) After the crash of '29 (which, to me, had more similarities with today's market than the '72 bear) gold was a poor investment vehicle (of course that was probably because of gov't intervention). I'm curious as to why you feel gold will be such a good investment in today's environment.

TIA, Merritt



To: Lucretius who wrote (2421)9/2/1998 2:51:00 PM
From: Peter V  Read Replies (2) | Respond to of 14427
 
<<I'd use future mkt dumps to add to gold stock positions as they will likely pull back somewhat. >>

Oh, NOW you tell me to wait! I bought some ASA today, not so much because I believe in your end of the world scenario, but it pays a substantial dividend that matches a money market fund, and even better in my tax-sheltered 401(k). (and if your scenario does play out, all the better). I also bought some BEARX for my 401(k).


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